Time scales and mechanisms of economic cycles: a review of theories of long waves

被引：17

作者：

Bernard, Lucas ^{[1
]}

Gevorkyan, Aleksandr V. ^{[2
]}

Palley, Thomas I. ^{[3
]}

Semmler, Willi ^{[4
]}

机构：

[1] CUNY, NYC Coll Technol, Business Dept, Brooklyn, NY 11210 USA

[2] St Johns Univ, Peter J Tobin Coll Business, Dept Econ & Finance, New York, NY USA

[3] AFL CIO, Washington, DC USA

[4] NSSR, Dept Econ, New York, NY USA

来源：

REVIEW OF KEYNESIAN ECONOMICS | 2014年 / 2卷 / 01期

关键词：

cycles; production cycles; infrastructure cycles; accelerator-multiplier mechanism; innovation cycles; financial crisis; booms and busts; Goodwin; Kalecki; Minsky; asset price-leveraging cycles; Kaldor; Kuznets; Kondratieff; NONLINEAR MODEL; GROWTH; PERSISTENCE; ACCELERATOR; EXISTENCE; INCOME;

D O I：

10.4337/roke.2014.01.05

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper explores long wave theory, including Kondratieff's theory of cycles in production and relative prices; Kuznets's theory of cycles arising from infrastructure investments; Schumpeter's theory of cycles due to waves of technological innovation; Goodwin's theory of cyclical growth based on employment and wage share dynamics; Keynes-Kaldor-Kalecki's demand and investment-oriented theories of cycles; and Minsky's financial instability hypothesis whereby capitalist economies show a genetic propensity to boom bust cycles. This literature has been out of favor for many years but recent developments suggest a re-examination is warranted and timely.

引用

页码：87 / 107

页数：21

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