Major Recessions

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Business & Economics - Mathematical Economics
Major Recessions

Major Recessions

Name: Major Recessions
ISBN: 9780198288589

J. Christopher R. Dow

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In the twentieth century there have been five major recessions two in the interwar period, and three more starting in 1973, 1979, and 1989. This book focuses on events in the UK, but sets them in their international context, and makes frequent comparisons with other countries. Major recessions happened at a similar time in all major countries, and the lessons are general. Three main conclusions are reached major recessions reflect abrupt fallings off in demand, not supply; these are due to identifiable demand shocks and by swings in consumer and business confidence which amplify the direct effects of demand shock; and major recessions are not predictable. In the final chapter, Christopher Dow puts forward an insider's view on how to avoid future severe recessions.

Kategoriler:

Business & Economics - Mathematical Economics

Yıl:

1998

Baskı:

Kindle

Yayımcı:

Independely Published

Dil:

english

Sayfalar:

471