Cyclical Fluctuations, Retail and Wholesale Trade, 1919-25. Simon S. Kuznets

1928 ◽  
Vol 36 (2) ◽  
pp. 301-302 ◽  
Author(s):  
Garfield V. Cox
1927 ◽  
Vol 90 (2) ◽  
pp. 374
Author(s):  
A. L. B. ◽  
Simon S. Kuznets ◽  
Wesley C. Mitchell

2005 ◽  
pp. 133-143 ◽  
Author(s):  
E. Balashova

The method of analyzing and modeling cyclical fluctuations of economy initiated by F. Kydland and E. Prescott - the 2004 Nobel Prize winners in Economics - is considered in the article. They proposed a new business cycle theory integrating the theory of long-run economic growth as well as the microeconomic theory of consumers and firms behavior. Simple version of general dynamic and stochastic macroeconomic model is described. The given approach which was formulated in their fundamental work "Time to Build and Aggregate Fluctuations" (1982) gave rise to an extensive research program and is still used as a basic instrument for investigating cyclical processes in economy nowadays.


Author(s):  
Anna Watson

AbstractThe paper examines the impact of trade credit on cyclical fluctuations in international trade. It provides new empirical evidence based on firm-level UK and Irish data showing that exporters use trade credit more actively and intensively than non-exporters. The study introduces inter-firm lending into an open economy general equilibrium model with heterogeneous firms and endogenous entry into the exports market. It demonstrates that trade credit amplifies the impact of macroeconomic shocks on international trade both along the intensive and extensive margins and that it significantly contributes to the high trade income elasticity observed in the data.


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