The role of financial markets in generating business cycles / Luca Matteo Stanca.

Format:

Book

Author/Creator:

Stanca, L. M. (Luca Matteo)

Contributor:

Alumni and Friends Memorial Book Fund.

Series:

Mellen studies in economics ; v. 11.

Mellen studies in economics ; v. 11

Language:

English

Subjects (All):

Business cycles.

Investments--Decision making.

Investments.

Physical Description:

139 pages ; 24 cm.

Place of Publication:

Lewiston, N.Y. : Edwin Mellen Press, [2002]

Contents:

2 The Historical Properties of Macroeconomic Fluctuations 9

2.2 Data and Methodology 11

2.3 Time Domain Stylized Facts 15

2.4 The Post-War Stabilization of Aggregate Fluctuations 22

2.5 Classical Analysis: Individual Cycles 26

2.6 Individual Cycles: Facts and Factors 29

2.7 Are Business Cycles All Alike? 33

3 Asymmetries and Non-linearities in Aggregate Fluctuations 51

3.2 Non-Linearities in Macroeconomic Time Series 53

3.3 Testing for Business Cycle Asymmetries 56

3.4 Modelling Business Cycle Asymmetries 58

3.5 Do Business Cycle Asymmetries Account for Non-linearities? 62

4 Distribution Dynamics of Corporate Financial Positions 67

4.2 Financial Factors and Aggregate Fluctuations 69

4.3 The Cyclical Behaviour of Firms' Financial Positions 71

4.4 The Evolving Distribution of Financial Positions 74

4.5 Sectional and Time Heterogeneity 78

5 Corporate Financial Positions and Investment Dynamics 89

5.2 The Financial Propagation Mechanism 91

5.3 Empirical Investment Models 93

5.4 Financial Positions and Investment Decisions 99

5.5 Methodology and Data 102

5.6 Empirical Evidence 106.

Notes:

Includes bibliographical references and index.

Local Notes:

Acquired for the Penn Libraries with assistance from the Alumni and Friends Memorial Book Fund.

ISBN:

0773473572

OCLC:

47243962