Item description for Business Cycles in the Contemporary World by Bernd Süssmuth...
The book provides a thorough and sophisticated descriptive analysis of business cycles in a historical perspective. The study is based on the latest available time series as well as latest techniques from the frequency domain. A combined univariate and bivariate analysis is conducted on the national as well as supranational (G7- and Euro-Area wide) level. Issues of stability, volatility, and cyclicality are investigated jointly. An extensive analysis of US manufacturing investment series on the fairly disaggregated four-digit level highlights the limits of linear models to capture the sectoral aggregation process. Synchronization is modelled by a mode-locking mechanism of industrial investment cycles induced by informational externalities. The model in its stochastic version is numerically simulated to assess an agreement between model and data.
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Est. Packaging Dimensions: Length: 8.9" Width: 5.9" Height: 0.5" Weight: 0.6 lbs.
Release Date Jul 15, 2003
Publisher Physica-Verlag Heidelberg
ISBN 3790815322 ISBN13 9783790815320
Availability 122 units. Availability accurate as of Oct 22, 2016 07:49.
Usually ships within one to two business days from La Vergne, TN.
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