In macrodynamics and business cycle analysis there are now a variety of approaches elaborating frameworks for studying the fluctuations in economic and financial data. This volume brings together contributions on theories of the business cycle and new empirical methods and summarizes the results.

In macrodynamics and business cycle analysis there are now a variety of approaches elaborating frameworks for studying the fluctuations in economic and financial data. These approaches are viewed from Keynesian, monetarist and rational expectations standpoints. In addition, there are now numerous empirical methods for the testing of nonlinear data-generating mechanisms. This volume brings together a selection of contributions on theories of the business cycle and new empirical methods and summarizes the new results. The volume provides an overview of current models and modern concepts and tools for analyzing the business cycle; demonstrates, where possible, the relation of those models to the history of business cycle analysis; and presents current work, surveys and original work on new empirical methods of studying cycle-generating mechanisms.

Part I: Complex Dynamics in the Business Cycle. Business Cycles and Long Waves: a Behavioural Disequilibrium Perspective
J.D. Sterman, E. Mosekilde. Competitive Markets and Endogenous Cycles: an Evaluation
M. Boldrin. Analytical and Numerical Methods in the Study of Nonlinear Dynamical Systems in Keynesian Macroeconomics
H.-W. Lorenz. Business Cycles, Fiscal Policy and Budget Deficits
R.H. Day. V. Continuous-Time Dynamical Models with Distributed Lags
M. Jarsulic. Part II: Monetary and Financial Factors in the Business Cycles. VI. Price Flexibility and Output Stability: an Old Keynesian View
J. Tobin. VII. The Stability of Models of Monetary Growth with Adaptive Expectations or Myopic Perfect Foresight
P. Flaschel. VIII. A Model of the Financial Sector and its Reaction to Aggregate Fluctuations
R. Franke, W. Semmler. IX. External Finance, Investment Expenditure and the Business Cycle
D. Delligatti, M. Gallegatti. X. Monetary Factors and Gestation Lag in a Kaleckian Model of the Business Cycle
T. Asada. Part III: Testing for Nonlinearities in the Business Cycle XI. Asymmetric Economic Propagation Mechanisms
S.M. Potter. XII. Asymmetries in Business Cycles: Econometric Techniques and Empirical Evidence
S. Mittnik, Zhiqiang Niu. XIII. Testing for Chaos and Nonlinearities in Macroeconomic Time Series
C.L. Sayers. XIV. Using U-Statistics to detect Business Cycle Nonlinearities
B. Mizrach. XV. The Time Reversibility Test with Application to Financial Data
P. Rothman.