scholarly journals The Role of Consumption in Economic Fluctuations

10.3386/w1391 ◽  
1984 ◽  
Author(s):  
Robert Hall
Keyword(s):  
Economic Fluctuations

scholarly journals News-Driven Business Cycles: Insights and Challenges

2014 ◽  
Vol 52 (4) ◽  
pp. 993-1074 ◽  
Author(s):  
Paul Beaudry ◽  
Franck Portier
Keyword(s):  
Business Cycles ◽  
Business Cycle ◽  
Empirical Evidence ◽  
Economic Fluctuations ◽  
Aggregate Fluctuations ◽  
Business Cycle Fluctuations ◽  
Widespread Belief ◽  
Way Of Thinking ◽  
The Many

There is a widespread belief that changes in expectations may be an important independent driver of economic fluctuations. The news view of business cycles offers a formalization of this perspective. In this paper we discuss mechanisms by which changes in agents' information, due to the arrival of news, can cause business cycle fluctuations driven by expectational change, and we review the empirical evidence aimed at evaluating their relevance. In particular, we highlight how the literature on news and business cycles offers a coherent way of thinking about aggregate fluctuations, while at the same time we emphasize the many challenges that must be addressed before a proper assessment of the role of news in business cycles can be established. (JEL D83, D84, E13, E32, O33)

Inescapable Role of Real Currency Convertibility

2022 ◽  
pp. 74-85
Keyword(s):  
Economic Fluctuations ◽  
Paper Money ◽  
On Demand ◽  
Paper Currency ◽  
Real Assets

The invention of paper money created a major new problem: how to ensure its value. Historically, the most reliable means of preserving and stabilizing the value of paper currency has been for those issuing paper money to guarantee to convert their notes, on demand, into real assets, at a specified rate of exchange. The most common asset used for this has been gold, which has been effective in preserving the value of currency over a century or more, but this has not prevented serious economic fluctuations. Consequently, for more than a century, economists have argued that it would be more effective to make currency convertible on demand into a range of commodities. Unfortunately, efforts to devise a means of achieving this have not succeeded to date.

scholarly journals Emil Lederer’s Theory of Economic Fluctuations and the Role of Financial Institutions

2012 ◽  
Vol 41 (1) ◽  
pp. 30-45
Author(s):  
Angelos T. Vouldis ◽  
Panayotis G. Michaelides ◽  
John G. Milios
Keyword(s):  
Financial Institutions ◽  
Economic Fluctuations

Economic Fluctuations and the shadow Economy: A global study

2020 ◽  
Author(s):  
Nguyen Canh ◽  
Christophe Schinckus ◽  
Su Di Thanh
Keyword(s):  
Capital Investment ◽  
Shadow Economy ◽  
Labour Force ◽  
Economic Fluctuations ◽  
Middle Income ◽  
Fdi Inflows ◽  
Economic Instability ◽  
Gdp Growth Rate ◽  
Stabilizing Factors

Abstract The recent economic crisis re-emphasizes the importance of the economic fluctuations. This study investigates the role of shadow economy in combination with economic factors on the economic instability for 133 economies between 1991 and 2015. Using the system-GMM estimations, this article shows that a larger shadow economy increases the fluctuations of GDP growth rate in relation to the size and the volatility of shadow economy. Notably, the shadow economy presents an inverted-U relationship with economic instability and this relationship is strongest for low- and lower-middle income economies. Our results identify two categories of drivers for economic fluctuations: the stabilizing factors (the labour force and the TFP) and the enhancing factors (capital investment, consumption, government spending, trade and FDI inflows). Interestingly exports increase economic fluctuations while imports decrease them. Finally, we discuss differences in the determinants of economic instability across low, middle and high incomes countries.

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