Industrial Restructuring, Financial Instability and the Dynamics of the Postwar US Economy (RLE: Business Cycles) (9781138860629)

This volume, originally published in 1997, examines the combined effect of financial instability and industrial restructuring on postwar economic growth and recession in the US. It sheds light on the fundamental question of whether or not these trends are positive for the economy as a whole. To explain the cyclical nature of investment and finance, institutional theory regarding financial instability is examined in depth and related to Minsky's analysis of investment behaviour. The author has created an empirical model of this behaviour which, he claims, accurately predicts historical consumption investment and GDP cycles.

Product details

• Format Hardback | 238 pages
• Dimensions 156 x 234 x 14.22mm | 476g
• Publication date 25 Mar 2015
• Publisher Taylor & Francis Ltd
• Imprint Routledge
• Publication City/Country London, United Kingdom
• Language English
• ISBN10 113886062X
• ISBN13 9781138860629

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