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The Sources and Nature of Long-Term Memory in the Business Cycle (Classic Reprint) - Couverture souple
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The digital edition of all books may be viewed on our website before purchase. Excerpt from The Sources and Nature of Long-Term Memory in the Business Cycle (Classic Reprint)
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This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works. This text has been digitally restored from a historical edition. Some errors may persist, however we consider it worth publishing due to the work's historical value.The digital edition of all books may be viewed on our website before purchase.
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The Sources and Nature of Long-Term Memory in the Business Cycle
impression à la demandeVendeur : Forgotten Books, London, Royaume-Uni
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Paperback. Etat : New. Print on Demand. This book delves into a long-standing debate in economics: the nature of economic cycles. The author explores the question of whether economic upswings and downturns are best understood as temporary deviations from a long-term trend, or as fundamentally random fluctuations. Drawing inspiration from the work of Wesley Claire Mitchell, the author challenges conventional thinking by exploring a class of models known as ââ Å"fractionally integrated processes.ââ  These models, the author argues, offer a more nuanced understanding of economic cycles, capturing aspects of both trend and randomness, and potentially explaining the persistence of economic shocks over long periods. The book offers a theoretical model that explains how long-term dependence might arise in macroeconomic data through aggregation across industries, suggesting that the complex behavior of a vast economy might be seen as a composite of many simpler individual processes. The author also provides a practical statistical tool for detecting long-term dependence in economic time series, analyzing historical data on real GNP to demonstrate the application of this approach. The book's insights challenge the prevailing dichotomy in economic thought and offer a new framework for understanding the long-term dynamics of the economy. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. N° de réf. du vendeur 9781332282371_0
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The Sources and Nature of LongTerm Memory in the Business Cycle Classic Reprint
Vendeur : PBShop.store US, Wood Dale, IL, Etats-Unis
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PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781332282371
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The Sources and Nature of LongTerm Memory in the Business Cycle Classic Reprint
Vendeur : PBShop.store UK, Fairford, GLOS, Royaume-Uni
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PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781332282371
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EUR 25,27
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The Sources and Nature of Long-Term Memory in the Business Cycle (Classic Reprint)
Edité par
Forgotten Books, 2015
ISBN 10 : 1332282377
ISBN 13 : 9781332282371
Ancien ou d'occasion
Couverture souple
Vendeur : Buchpark, Trebbin, Allemagne
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Etat : Sehr gut. Zustand: Sehr gut | Sprache: Englisch | Produktart: Bücher | Keine Beschreibung verfügbar. N° de réf. du vendeur 26100025/2
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EUR 22,52
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Expédition depuis Allemagne vers Etats-Unis
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Image d'archives
The Sources and Nature of Long-Term Memory in the Business Cycle (Classic Reprint)
Edité par
Forgotten Books, 2015
ISBN 10 : 1332282377
ISBN 13 : 9781332282371
Ancien ou d'occasion
Couverture souple
Vendeur : Buchpark, Trebbin, Allemagne
Évaluation du vendeur 5 sur 5 étoiles
Etat : Hervorragend. Zustand: Hervorragend | Sprache: Englisch | Produktart: Bücher | Keine Beschreibung verfügbar. N° de réf. du vendeur 26100025/1
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EUR 23,24
Expédition à EUR 105
Expédition depuis Allemagne vers Etats-Unis
Expédition depuis Allemagne vers Etats-Unis
Quantité disponible : 1 disponible(s)