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THE KEYNESIAN-MONETARIST DEBATE ON BUSINESS CYCLES : A CASE STUDY OF THE GREAT DEPRESSION

Yıl 2001, Sayı: 17, 55 - 71, 31.12.2001

Öz

Macroeconomic fluctuations are a recurring theme throughout history. The Business Cycle Theory divides the macroeconomic fluctuations into four periods; recession, trough, expansion, and peak. Besides these alten-Hing periods, there are two extreme points of business cycles; boom and depression The boom and depression are defined as extraordinarily peak and extraordinarily deep respectively. Depressions, among others, are mostly considert periods, since they result in not only severe economic problems but also social and political destructions.

Kaynakça

  • Allsopp, C., “The Role of Fiscal Policy in the 1990s”, in Tim Jenkinson (ed), Readings in Macroeconomics, Oxford University Press, Oxford, 1996, 322.
  • Byms, T. R. and Stone W.G., Macroeconomics, Sixth Edition, HarperCollins College Publishers, New York, 1995.
  • Carlin, W. and Soskice D., Macroeconomics and Wage Bargain, Oxford University Press, Oxford, 1990.
  • Epstein, G. and Ferguson, T., “Monetary Policy, Loan Liquidation, and Industrial Conflict: The Federal Reserve and the Öpen Market Operations of 1932”, Journal of Economic History, 44, December 1984, 957-583.
  • Friedman, M., “Fiscal Policy”, in Crandall and Eckaus (eds.), Selected Readings, Contemporary Issues in Economics, Little, Brown and Company, Boston, 1972, 111-115.
  • Friedman, M., and Schwartz, A.J., A Monetary History of the United States, 1867-1960, Princeton, N.J., Princeton University Press, 1963.
  • Gordon, R.J. and Veitch, J.M., “Fixed Investment in the American Business Cycle, 1913-1983”, in Gordon, R.J. (ed), The American Business Cycle: Continuity and Change, Chicago: Chicago, 1986.
  • McConnel R.C. and Brue, L.S., Macroeconomics: Principles, Problems and Policies, Thirteenth Edition, McGraw-Hill, Inc., New York, 1996.
  • Parkin, M., Macroeconomics, Third Edition, Addison-Wesley Publishing Company, Ne w York, 1996.
  • Roger, Leroy and Miller, Economics Today, The Macro View, HarperCollins College Publishers, New York, 1994.
  • Slavin, S., Macroeconomics, Fourth Edition, Irvvin, Chicago, 1996.
  • Taylor, J. B., Economics, Houghton Mifflin Company, Boston, 1995.
  • Temin, P., Did Monetary Forces Cause the Great Depression?, W.W. Norton Company Inc., New York, 1979.
  • Tobin, J., “Deficit, deficit, who’s got the deficit?” in Crandall and Eckaus (eds.), Selected Readings, Contemporary Issues in Economics, Little, Brovvn and Company, Boston, 1972, 187-189.
  • Wheelock, D., “The Strategy, Effectiveness and Consistency of Federal Reserve Monetary Policy 1924-1933”, Explorations in Economic History, 26, October 1989, 453-476.
  • Wicker, E., “A Reconsideration of the Causes of the Banking Panic of 1930”, Journal of Economic History, 40, September, 1980, 571-583.

THE KEYNESIAN-MONETARIST DEBATE ON BUSINESS CYCLES : A CASE STUDY OF THE GREAT DEPRESSION

Yıl 2001, Sayı: 17, 55 - 71, 31.12.2001

Öz

Macroeconomic fluctuations are a recurring theme throughout history. The Business Cycle Theory divides the macroeconomic fluctuations into four periods; recession, trough, expansion, and peak. Besides these alten-Hing periods, there are two extreme points of business cycles; boom and depression The boom and depression are defined as extraordinarily peak and extraordinarily deep respectively. Depressions, among others, are mostly considert periods, since they result in not only severe economic problems but also social and political destructions.


Kaynakça

  • Allsopp, C., “The Role of Fiscal Policy in the 1990s”, in Tim Jenkinson (ed), Readings in Macroeconomics, Oxford University Press, Oxford, 1996, 322.
  • Byms, T. R. and Stone W.G., Macroeconomics, Sixth Edition, HarperCollins College Publishers, New York, 1995.
  • Carlin, W. and Soskice D., Macroeconomics and Wage Bargain, Oxford University Press, Oxford, 1990.
  • Epstein, G. and Ferguson, T., “Monetary Policy, Loan Liquidation, and Industrial Conflict: The Federal Reserve and the Öpen Market Operations of 1932”, Journal of Economic History, 44, December 1984, 957-583.
  • Friedman, M., “Fiscal Policy”, in Crandall and Eckaus (eds.), Selected Readings, Contemporary Issues in Economics, Little, Brown and Company, Boston, 1972, 111-115.
  • Friedman, M., and Schwartz, A.J., A Monetary History of the United States, 1867-1960, Princeton, N.J., Princeton University Press, 1963.
  • Gordon, R.J. and Veitch, J.M., “Fixed Investment in the American Business Cycle, 1913-1983”, in Gordon, R.J. (ed), The American Business Cycle: Continuity and Change, Chicago: Chicago, 1986.
  • McConnel R.C. and Brue, L.S., Macroeconomics: Principles, Problems and Policies, Thirteenth Edition, McGraw-Hill, Inc., New York, 1996.
  • Parkin, M., Macroeconomics, Third Edition, Addison-Wesley Publishing Company, Ne w York, 1996.
  • Roger, Leroy and Miller, Economics Today, The Macro View, HarperCollins College Publishers, New York, 1994.
  • Slavin, S., Macroeconomics, Fourth Edition, Irvvin, Chicago, 1996.
  • Taylor, J. B., Economics, Houghton Mifflin Company, Boston, 1995.
  • Temin, P., Did Monetary Forces Cause the Great Depression?, W.W. Norton Company Inc., New York, 1979.
  • Tobin, J., “Deficit, deficit, who’s got the deficit?” in Crandall and Eckaus (eds.), Selected Readings, Contemporary Issues in Economics, Little, Brovvn and Company, Boston, 1972, 187-189.
  • Wheelock, D., “The Strategy, Effectiveness and Consistency of Federal Reserve Monetary Policy 1924-1933”, Explorations in Economic History, 26, October 1989, 453-476.
  • Wicker, E., “A Reconsideration of the Causes of the Banking Panic of 1930”, Journal of Economic History, 40, September, 1980, 571-583.
Toplam 16 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Bölüm Makaleler
Yazarlar

Faik Bilgili Bu kişi benim

Yayımlanma Tarihi 31 Aralık 2001
Yayımlandığı Sayı Yıl 2001 Sayı: 17

Kaynak Göster

APA Bilgili, F. (2001). THE KEYNESIAN-MONETARIST DEBATE ON BUSINESS CYCLES : A CASE STUDY OF THE GREAT DEPRESSION. Erciyes Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi(17), 55-71.

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