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Author Miron, Jeffrey A.

Title The economics of seasonal cycles / Jeffrey A. Miron
Published Cambridge, Mass. : MIT Press, [1996]


Location Call no. Vol. Availability
 MELB  338.54 Mir/Eos  AVAILABLE
Description xv, 225 pages : illustrations ; 24 cm
Contents 1. Introduction -- 2. Identifying Restrictions and Seasonal Fluctuations -- 3. Basic Facts about Seasonal Fluctuations -- 4. The Similarity of Seasonal Cycles and Business Cycles -- 5. Interactions between Seasonal Cycles and Business Cycles -- 6. Seasonal Fluctuations and the Production-Smoothing Model for Inventories -- 7. Financial Panics, the Seasonality of Nominal Interest Rates, and the Founding of the Fed -- 8. The Gold Standard and Interest Rate Seasonality -- 9. Seasonal Monetary Policy -- 10. Welfare Implications of Seasonal Cycles
Summary Historically, economists sought to understand the economic significance of macro fluctuations associated with seasons. During the 1920s and 1930s, the focus shifted to business cycles, and seasonal fluctuations were treated as noise that could be removed from data before analysis. Jeffrey Miron seeks to reverse this trend, arguing that seasonal fluctuations have much to teach macroeconomists. He analyzes the economic forces that produce seasonality and discusses the lessons about economic behavior that result from this analysis
Analysis Trade cycles
Trade cycles
Notes Bibliography: p[211]-221. - Includes index
Bibliography Includes bibliographical references (pages [203]-221) and index
Subject Business cycles.
Seasonal variations (Economics)
LC no. 95052634
ISBN 0262133237 (hc : alk. paper)