Business Cycles and Financial Crises
PrefaceThe Nature of the Business CycleDefinitionsThe Monte Carlo HypothesisAre Business Cycles Symmetric?The Frisch-Slutsky HypothesisHas the Business Cycle Changed Since 1945?Business Cycle TheoryIntroductionEquilibrium Business Cycle (EBC) ModellingNonlinear Cycle TheoryThe Financial Instability HypothesisIntroductionThe Role of Money and Credit in Pre-Keynesian Business Cycle LiteratureThe Financial Instability Hypothesis (FIH)Minsky on financial instabilityFinancial instability and the banking sectorKindleberger's model and the international dimensionRational Speculative BubblesConclusionTowards a Theory of Dynamic Economic DevelopmentA Brief Overview of Cycle ModellingSchumpeter on Economic EvolutionThe Long Swing Hypothesis and the Growth TrendThe long swing hypothesisThe growth trendShackle on the Business CycleGoodwin's MacrodynamicsConcluding RemarksThe Unfinished Research Agenda