This setting lets you change the way you view articles. You can choose to have articles open in a dialog window, a new tab, or directly in the same window.
Open in Dialog
Open in New Tab
Open in same window
Open in New Tab
Open in same window
Journal of Economic Perspectives: Vol. 13 No. 2 (Spring 1999)
JEP Volume. 13, Issue 2 | 
Previous ArticleNext Article
Sign up for Email Alerts Follow us on Twitter
Full-text Article (Complimentary)
View Comments on This Article (0) | Login to post a comment
Previous ArticleNext Article
Expand
Quick Tools:
Print Article Summary Email Link to this Article Export CitationSign up for Email Alerts Follow us on Twitter
Explore:
Theory and History behind Business Cycles: Are the 1990s the Onset of a Golden Age?
Article Citation
Zarnowitz, Victor. 1999. "Theory and History behind Business Cycles: Are the 1990s the Onset of a Golden Age?."
Journal of Economic Perspectives,
13(2): 69-90.
DOI: 10.1257/jep.13.2.69
DOI: 10.1257/jep.13.2.69
Abstract
The theory presented in this paper ties together profits, investment, credit, stock prices, inflation, and interest rates. The author discusses new estimates of profit and investment functions with important roles for growth and demand and productivity, price and cost levels, risk perception, credit volume, and credit difficulties. The relationships among these endogenous variables are viewed as constituting an enduring core of business cycles, the exogenous shocks and policy effects as more transitory and peripheral.
Article Full-Text Access
Full-text Article (Complimentary)
Authors
Zarnowitz, Victor (FIBER, New York, NY, U Chicago, and NBER)
JEL Classifications
E32: Business Fluctuations; Cycles
E22: Capital; Investment; Capacity
E22: Capital; Investment; Capacity
Comments
View Comments on This Article (0) | Login to post a comment
