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Recessions : Prospects & Developments, Hardback Book

Recessions : Prospects & Developments Hardback


A critical consideration in understanding business cycles is the amplification and propagation of shocks to the economic system.

Many recessions seem to arise without a clearly identifiable cause or at least one of significant magnitude to justify an economy-wide recession.

How can a small shock cause large changes in the economy?

What are the mechanisms that amplify a modest shock such that a serious recession ensues?

Despite the persistent search for a mechanism for business cycle amplification and propagation, much research in business cycles seems to ignore the likely role of the financial system.

If a shock to the economy inhibits the capital allocation capability of an economy, then a seemingly mild shock may be amplified through its impact on new investment thereby snuffing out economic growth and causing a recession.

This book provides new research on the field of recessions from around the globe.


  • Format: Hardback
  • Pages: 174 pages, tables & charts
  • Publisher: Nova Science Publishers Inc
  • Publication Date:
  • Category: Financial crises & disasters
  • ISBN: 9781604568660



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