Contents
Prefatory Note
Introduction: Continuity and Change in
Theory, Behavior, and Methodology
Tribute to Otto Eckstein
I. THE SOURCES OF CYCLICAL BEHAVIOR
1. The Mechanisms of the Business Cycle in
the Postwar Era
2. Are Business Cycles All Alike?
II. COMPONENTS OF EXPENDITURE
3. Inventory Fluctuations in the United
States since 1929
4. The Role of Consumption in Economic
Fluctuations
5. Fixed Investment in the American
Business Cycle, 1919-83
III. FISCAL AND MONETARY POLICY
6. The Behavior of United States Deficits
7. Money, Credit, and Interest Rates in the
Business Cycle
8. The Open Economy: Implications for
Monetary and Fiscal Policy
IV. CHANGES IN CYCLICAL BEHAVIOR
9. Major Changes in Cyc:lical Behavior
10. The Cyclical Behavior of Industrial
Labor Markets: A Comparison of the
Prewar and Postwar Eras
11. Improvements in Macroeconomic
Stability: The Role of 'Wages and Prices
12. The Changing Cyclical Variability of
Economic Activity in the United States
A. The Development and Role of
the National Bureau of
Economic Research's Business
Cycle Chronologies
B. Historical Data
List of Contributors
List of Participants
Author Index
Subject Index