Abstract
Since the Second World War, the trade cycle has undergone a profound change of character. In this final chapter, we outline the main features of this change, and discuss whether ‘demise’ would be a better word. We then consider whether stabilisation policies have helped or hindered this change, and end with a few remarks about the relevance of the econometric approach of Chapter 4 to the formulation of satisfactory stabilisation policies.
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© 1974 Nicholas Rau
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Rau, N. (1974). No More Trade Cycles?. In: Trade Cycles: Theory and Evidence. Macmillan Studies in Economics. Palgrave, London. https://doi.org/10.1007/978-1-349-02051-5_6
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DOI: https://doi.org/10.1007/978-1-349-02051-5_6
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-15241-6
Online ISBN: 978-1-349-02051-5
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)