文章基本信息

标题：Business cycle theories and their relevance to the current global crisis
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作者：Monica Dobrescu ; Monica Dobrescu ; Liana Badea 等
期刊名称：Procedia - Social and Behavioral Sciences
印刷版ISSN：1877-0428
出版年度：2012
卷号：62
页码：239-243
DOI：10.1016/j.sbspro.2012.09.038
语种：English
出版社：Elsevier
摘要：AbstractEver since the onset of the recent crisis, monetary business cycle theories have started to regain their relevance and timeliness in explaining business fluctuations. According to these theories, it is monetary mismanagement that lies at the bottom of macroeconomic dysfunctions in the intertemporal allocation of resources. This paper presents the main theoretical implications of monetary business cycle models, regarding the causes of the cycle and the appropriate policies required to overcome recessions. In addition, we investigate whether, at the policy level, macroeconomists are indeed addressing the causes of the business cycle, in order to provide feasible solutions to end recessions.
关键词：Monetary business cycles;Monetary policy;Intertemporal disequilibrium;Market-clearing model