1st Edition

Cycles, Growth and the Great Recession

260 Pages 29 B/W Illustrations
by Routledge

260 Pages 29 B/W Illustrations
by Routledge

260 Pages 29 B/W Illustrations
by Routledge

Cycles, Growth and the Great Recession is a collection of papers that assess the nature and role of the business cycle in contemporary economies. These assessments are made in the context of the financial market instability that distinguishes the Great Recession from previous post-war slowdowns. Theorists and applied scholars in the fields of economics and mathematical economics discuss various... Read more

Introduction Part I – Understanding Cycles and Growth 1. Minsky as a Critic of Keynesianism (Riccardo Bellofiore) 2. Can We Say "Minsky Moment" when Households Matter? (Anna Maria Variato) 3. Are Macroeconomic Models with Ceilings and Floors Useful in Understanding the Great Recession? (Steven M. Fazzari and Edward D. Greenberg) 4. The Theory of Business Cycles from a Methodological Perspective (Andrea Salanti) Part II – Uncertainty and Information in Business Cycles Models 5. The Business Cycle as a Method of Analysis (Jan Toporowski) 6. The Asymmetric-Information Approach and the Great Recession: a Critical Appraisal (Alessandro Vercelli) Part III – Formal Models of the Business Cycle 7. A Kaleckian Macromodel with Memory (Gian Italo Bischi and Ahmad Naimzada) 8. The Dynamics of the Labour Market in an Agent-Based Model with Financial Constraints (Domenico Delli Gatti , Mauro Gallegati and Saul Desiderio) 9. Periodic Cycles in a Behavioural Model (Laura Gardini and Fabio Tramontana) Part IV – Empirical and Institutional Factors in Cycles and Growth 10. The Time Dimension of Credit Risk: Modelling Issues and Regulatory Implications (Marida Bertocchi and Costanza Torricelli) 11. The Great Recession, Housing Wealth and Consumption in the European Countries (Annalisa Cristini)12. Growth and Migration in Italy (1861-1913) Interpreted with a Dual Model of an Underdeveloped Economy (Giancarlo Graziola) 13. Organizational and Technological Paradigms: Asynchronized Structural Breaks, Uneven Evolution of Paradigms and Firm Growth between Complementarities and Substitutabilities(Riccardo Leoni)

Biography

Annalisa Cristini, Stephen Fazzari, Edward Greenberg, Riccardo Leoni