Business Cycle Fluctuations & Economic Policy

Name: Business Cycle Fluctuations & Economic Policy
Author: Khurshid M Kiani

Auteur: Khurshid M Kiani

Taal: Engels

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Auteur: Khurshid M Kiani

Engels
Hardcover
9781606923412
05 mei 2009
116 pagina's

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Samenvatting

This book highlights the importance of studying similarity of business cycles across countries and answers the theoretical question about the behaviour of fluctuations in economic activity over different phases of business cycles. This is done by analysing cross-country data that provides sufficient empirical justifications on the behaviour of economic activity to conclude that business cycles are alike. Further, the book maintains, from the recent empirical research, that business cycles fluctuations are asymmetric. For empirical validation of the hypothesis that business cycles are asymmetric at least in the group of seven highly developed industrialised (G7) countries, real GDP growth rates from these countries are analysed using non-linear time series and switching time series models as well as in-sample and jack-knife out-of-sample forecasts from neural networks. While importance and application of non-linear and switching time series models are employed for testing possible existence of business cycle asymmetries in all the series after taking into account long memory, conditional heteroskedasticity, and time varying volatility in the series, usefulness of non-parametric techniques such as artificial neural networks forecasts are discussed and empirically tested to conclude that forecasts from neural networks are superior to the selected time series models. Additionally, the book presents a robust evidence of business cycle asymmetries in G7 countries, which is indeed, the answer to the basic research question on the behaviour of economic fluctuation over the business cycles. The book compares spill over and contagion effects due to business cycle fluctuations within the countries studied. In addition, having known the type of business cycle asymmetries, policy makers, empirical researchers, and forecasters would be able to employ appropriate forecasting models for forecasting impact of monetary policy or any other shock on the economies of these countries.

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Taal: en
Bindwijze: Hardcover
Oorspronkelijke releasedatum: 05 mei 2009
Aantal pagina's: 116
Illustraties: Nee

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Hoofdauteur: Khurshid M Kiani
Hoofduitgeverij: Nova Science Publishers

Overige kenmerken

Extra groot lettertype: Nee
Product breedte: 230 mm
Product lengte: 155 mm
Studieboek: Ja
Verpakking breedte: 230 mm
Verpakking hoogte: 155 mm
Verpakking lengte: 155 mm
Verpakkingsgewicht: 332 g

EAN

EAN: 9781606923412

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Categorieën: Managementboeken

Boeken
Taal: Engels
Boek, ebook of luisterboek?: Boek
Beschikbaarheid: Leverbaar
Studieboek of algemeen: Studieboeken

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