Հատված
Dynamic General Equilibrium Approach, MIT Press. Practically every country that is exposed to business cycles has adopted policies designed to reduce their volume or to eliminate them. Political insistence on such action can hardly be attributed to business cycle research, but that research has had a decided influence on the types of policy that have been considered or adopted. While it is now generally agreed that business fluctuations are inherent in the capitalistic process, it is also agreed that the excesses of inflation or deflation that actually occur have no constructive purpose whatever. Fluctuations in private investment may be required to give effect to the irregular process of technological change and adaptation to it; but they also give rise to ՚multiplier՚ and ՚acceleration՚ effects which may account for the bulk of the business cycle.
Գրականության ցանկ
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