Abstract
Starting already in the nineteenth century, many economists observed that business fluctuations took place with regularity, though they differed on their periodicity. This chapter discusses briefly the more important theories that have been posited to explain these fluctuations, and pays particular attention to those focusing on the role played by the financial sector, including Keynes and Minsky.
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Halperin, R.A. (2017). Theories of Business Fluctuations. In: The Influence of Uncertainty in a Changing Financial Environment. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-48778-6_7
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DOI: https://doi.org/10.1007/978-3-319-48778-6_7
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Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-319-48777-9
Online ISBN: 978-3-319-48778-6
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