1. The Mechanism.s of the Business Cycle in the Postwar Era

Chapters in this book

1. Frontmatter i
2. Contents ix
3. Prefatory Note xiii
4. Introduction: Continuity and Change in Theory, Behavior, and Methodology 1
5. Tribute to Ott() Eckstein 35
6. I. THE SOURCES OF CYCLICAL BEHAVIOR
7. 1. The Mechanism.s of the Business Cycle in the Postwar Era 39
8. 2. Are Business Cycles All Alike? 123
9. II. COMPONENTS OF EXPENDITURE
10. 3. Inventory Fluctuations in the United States since 1929 183
11. 4. The Role of Consumption in Economic Fluctuations 237
12. 5. Fixed Investment in the American Business Cycle, 1919-83 267
13. III. FISCAL AND MONETARY POLICY
14. 6. The Behavior of United States Deficits 361
15. 7. Money, Credit, and Interest Rates in the Business Cycle 395
16. 8. The Open Economy: Implications for Monetary and Fiscal Policy 459
17. IV. CHANGES IN CYCLICAL BEHAVIOR
18. 9. Major Changes in Cyclical Behavior 519
19. 10. The Cyclical Behavior of Industrial Labor Markets: A Comparison of the Prewar and Postwar Eras 583
20. 11. Improvements in Macroeconomic Stability: The Role of Wages and Prices 639
21. 12. The Changing Cyclical Variability of Economic Activity in the United States 679
22. Appendix A: The Development and Role of the National Bureau of Economic Research's Business Cycle Chronologies 735
23. Appendix B: Historical Data 781
24. Contributors 851
25. Participants 855
26. Author Index 857
27. Subject Index 860