Research Catalog

Title

The economics of seasonal cycles / Jeffrey A. Miron.

Author

Miron, Jeffrey A.

Publication

Cambridge, Mass. : MIT Press, [1996], ©1996.

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Holdings

Details

Description

xv, 225 pages : illustrations; 24 cm

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.

Subject

• Seasonal variations (Economics)
• Business cycles

Bibliography (note)

• Includes bibliographical references (p. [203]-221) and index.

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.

ISBN

0262133237 (alk. paper)

LCCN

95052634

OCLC

• 33947403
• ocm33947403

Owning Institutions

Columbia University Libraries