Christopher Dow

Major Recessions

Name: Major Recessions
Brand: OUP Oxford
Price: 104.49 EUR
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Britain and the World, 1920-1995

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This book concentrates on the five biggest recessions in the twentieth century. It focuses on the UK, but makes numerous comparisons to recessions in other countries. Two major recessions are identified in the interwar period; three more in the years 1973-1995. The main conclusion reached is that major recessions reflect abrupt fallings off in demand not supply, and can be explained by identifiable demand shocks. The concluding chapter offers advice on how to avoidfuture severe recessions: a combination of prudent policy-making beforehand and special measures in the downturn and recovery.

Inhaltsverzeichnis

1: Introduction

Part I. Prior Assumptions and Methodological Preliminaries

2: The Facts which Have to be Explained

3: The Causal Structure of the Economy

4: Supply and Demand Influence on the Rate of Growth

5: Shocks and Response in Major Fluctuations

Part II. Case Studies of Five Major Recessions

6: The Two Interwar Recessions (1920-22 and 1929-32) and the US Great Depression

7: The Prolonged Interval without Major Recession 1945-73

8: The Two OPEC Recessions (1973-75 and 1979-82)

9: The Credit Expansion of the late Eighties and the Recession of the Early Nineties

Part III. Conclusions

10: The Theoretical Model: The Behaviour of the Economy in Major Fluctuations

11: The Causation of Major Recessions: Summary and Discussion of Empirical Findings

12: Are Recurrent Major Recessions Inevitable?

Produktdetails

Erscheinungsdatum

01. November 2000

Sprache

englisch

Seitenanzahl

492

Autor/Autorin

Christopher Dow

Verlag/Hersteller

OUP Oxford

Produktart

kartoniert

Gewicht

740 g

Größe (L/B/H)

234/156/26 mm

ISBN

9780199241231

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Wirtschaftsgeschichte

Portrait

Christopher Dow

Before his death in 1998, Christopher Dow was Visiting Fellow at the National Institute of Economic and Social Research (NIESR). His distinguished career included periods as Senior Economic Adviser to the UK Treasury, Deputy Director of NIESR, Assistant Secretary General of OECD, and Executive Director of the Bank of England.

Pressestimmen

."..a fascinating book...a fitting epitaph."--David Smith. The Sunday Times

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