Business cycle theory as a basis for economic policy

Name: Business cycle theory as a basis for economic policy
Brand: Taylor & Francis

Taylor & Francis

Business cycle theory as a basis for economic policyAuthor(s): Pascal Bridel, Muriel Dalpont\nFormat: Hardback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9781138938816, 978-1138938816\nSynopsis\nThis book aims to start a debate on the relationship between economic theory and more precisely business cycle theory and economic policy, emphasising the diversity of views on economic policy which characterised older periods, in contrast to the homogeneity of the analysis and diagnosis provided by current business cycles developments. \n\nSince the 1970s, economic theorists excluding any economic policy interventions and favouring strictly supply-side economic policies have gained a growing influence. The development of Equilibrium Business Cycles theories coincides with the collapse, at least in academic circles, of the Keynesian consensus favouring stabilization policies. The alternative approach which emerged was based on an a priori hypothesis a.