Hysteresis and Business Cycles

Hysteresis and Business Cycles
Author: Ms.Valerie Cerra
Publisher: International Monetary Fund
Total Pages: 50
Release: 2020-05-29
Genre: Business & Economics
ISBN: 1513536990

Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as “hysteresis,” argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and theoretical literature that motivate this paradigm shift. The renewed interest in hysteresis has been sparked by the persistence of the Global Financial Crisis and fears of a slow recovery from the Covid-19 crisis. The findings of the recent literature have far-reaching conceptual and policy implications. In recessions, monetary and fiscal policies need to be more active to avoid the permanent scars of a downturn. And in good times, running a high-pressure economy could have permanent positive effects.

Books about Business Cycles

Books about Business Cycles
Author: University of Illinois (Urbana-Champaign campus). Bureau of Economic and Business Research
Publisher:
Total Pages: 60
Release: 1928
Genre: Business cycles
ISBN:

Accountants' Index

Accountants' Index
Author: American Institute of Certified Public Accountants
Publisher:
Total Pages: 616
Release: 1924
Genre: Accounting
ISBN:

Official Publications

Official Publications
Author: National Association of Cost Accountants (U.S.)
Publisher:
Total Pages: 440
Release: 1924
Genre: Cost accounting
ISBN:

Bulletin

Bulletin
Author:
Publisher:
Total Pages: 550
Release: 1928
Genre: Economics
ISBN:

Environmental and Energy Policy and the Economy

Environmental and Energy Policy and the Economy
Author: Matthew J. Kotchen
Publisher: University of Chicago Press
Total Pages: 275
Release: 2022-01-24
Genre: Business & Economics
ISBN: 0226821749

This volume presents six new papers on environmental and energy economics and policy in the United States. Rebecca Davis, J. Scott Holladay, and Charles Sims analyze recent trends in and forecasts of coal-fired power plant retirements with and without new climate policy. Severin Borenstein and James Bushnell examine the efficiency of pricing for electricity, natural gas, and gasoline. James Archsmith, Erich Muehlegger, and David Rapson provide a prospective analysis of future pathways for electric vehicle adoption. Kenneth Gillingham considers the consequences of such pathways for the design of fuel vehicle economy standards. Frank Wolak investigates the long-term resource adequacy in wholesale electricity markets with significant intermittent renewables. Finally, Barbara Annicchiarico, Stefano Carattini, Carolyn Fischer, and Garth Heutel review the state of research on the interactions between business cycles and environmental policy.

NACA Bulletin

NACA Bulletin
Author: National Association of Cost Accountants (U.S.)
Publisher:
Total Pages: 650
Release: 1926
Genre: Accounting
ISBN: