William Nordhaus coined the term “Political Business Cycle” a half-century ago. The idea was that government authorities, ...

Understanding the economy requires recognizing the predictable sequence of the Business Cycle, which is critical for ...

The Artstor website will be retired on Aug 1st. The Journal of Economic Perspectives Vol. 32, No. 3, Summer 2018 Evolution of Modern Business Cycle Model... Evolution of Modern Business Cycle Models: ...

An advantage of using the model-based approach is that financial and business cycles can be jointly estimated, allowing information from all key economic relationships to be used in a consistent way.

(2015): “Capital Requirements, Risk Choice, and Liquidity Provision in a Business Cycle Model,” Discussion Paper 687, Society for Economic Dynamics. Beltratti, A., AND R. M. Stulz (2012): “The credit ...

A new paradigm of the business cycle needs to account for shifts in trend ... The frequency and depth of crises are key determinants of long-term growth and drive a new stylized model of economic ...

The course covers the Real Business Cycle model, the New-Keynesian model ... These models and policy studies will highlight important economic mechanisms that are relevant to analyse a range of past ...