Business Cycles and Long-Lived Impact of Recession on Economy
Huiyan Zhang
Broschiertes Buch

Business Cycles and Long-Lived Impact of Recession on Economy

Policy Implication

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This book provides new theoretical and empirical evidence to examine three factors often cited as causes of business cycle fluctuations. The first factor is monetary policy; the second is financial structures and crony capitalism; and the third is external shocks, such as European integration.The first paper contains a theoretical and empirical study of sacrifice ratios (costsof using monetary policy to reduce inflation) when disinflation has long-lived effects onoutput or unemployment.The second paper is about the relationship between corruption, economicvolatility, and economic growth.In the...