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The article presents an approach to changes in the total factor productivity (TFP) which differs from that generally found in the literature. Changes are calculated in the real terms using the detaile...
The aim of the study is to determine the rules governing the modern cash management in food and beverages processing enterprises with a full operating cycle with a particular emphasis on environmental...
The aim of this paper is to critically assess Austrian Business Cycle (ABC) theory. Its foundation was laid in Theory of Money and Credit (1912) by Ludwig von Mises, which F. A. Hayek elaborated in mo...
Paper deals with the analysis of investment in the business cycle. Analysis is based on available quarterly data for the Czech Republic since 1st quarter 1999 till 1st quarter 2014. It concludes that ...
We propose and implement a framework for characterizing and monitoring theglobal business cycle. Our framework utilizes high-frequency data, allows us to accountfor a potentially large amount of missi...
An Econometric Business Cycle Model with Rational Expectations: Policy Evaluation Results.
An Econometric Business Cycle Model with Rational Expectations: Some Estimation Results.
Many economists have recently proposed nominal GNP targetting as a new rule for monetary p0licy.l Nominal GNP targetting is typically viewed as an alternative to money-growth targetting. It prescrib...
This panel discussion focuses on two defining features of the new economy: (1) a change in trend productivity growth, and (2) a change in cyclical volatility. No one knows for sure how long either f...
Aldrich blamed the Federal Reserve’s easy-money policies of the 1920s for helping to cause the Great Depression. In the late ’40s, he was concerned that the Fed would monetize the enormous World War...
This lecture starts with a review of historical trends in the balance between rules and discretion: first toward more discretionary policies in the 1960s and 1970s; second toward more rules-based po...
This paper studies the business cycle dynamics of income and wealth distributions in the context of the neoclassical growth model where agents are heterogeneous in initial wealth and non-acquired skil...
Consumer theory suggests that expenditures on luxuries and dura-bles should be more cyclical than expenditures on necessities and nondurables. Estimating luxuriousness and durability for 57 con-sumer ...
THE LIFE CYCLE OF PLANTS IN INDIA AND MEXICO.

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