Business Cycles : Selected Issues

• Autorzy: Jacek (red.) Pietrucha
• Języki publikacji: EN

Abstrakty

EN

The business cycle is an inherent feature of the market economy. This simple statement does not reflect the complexity of the problem. Despite many years of attempts, we are still far from thoroughly understanding the phenomenon of fluctuations in the increase in GDP and other economic values, which occur in cycles on a relatively regular basis. As a result, our prognostic skills and ability to take preventive measures are limited too, which has once again been clearly demonstrated by the global financial crisis and a deterioration of economic conditions which it caused and which may be one of the most significant ones in the post-war period. The dissertation, which comprises articles written by young economists, touches upon the issue of cyclical fluctuations in business. The authors make an attempt at answering questions related to methods of business forecasting, causes of financial crises, with special emphasis placed on the current global financial crisis, as well as reactions of markets and business entities to economic slowdown. Since the chapters of this dissertation vary significantly in terms of the issues raised, the authors were given a free hand when deciding on aims, theses and analysis methods. The first section of the dissertation is related to methods of forecasting the broadly-defined economic conditions. The second part of the dissertation comprises chapters devoted to relation between fluctuations in business and the financial system. The third part of the dissertation touches upon the issue of cyclical fluctuations in business in particular markets. (short original abstract)

The business cycle is an inherent feature of the market economy. This simple statement does not reflect the complexity of the problem. Despite many years of attempts, we are still far from thoroughly understanding the phenomenon of fluctuations in the increase in GDP and other economic values, which occur in cycles on a relatively regular basis. As a result, our prognostic skills and ability to take preventive measures are limited too, which has once again been clearly demonstrated by the global financial crisis and a deterioration of economic conditions which it caused and which may be one of the most significant ones in the post-war period. The dissertation, which comprises articles written by young economists, touches upon the issue of cyclical fluctuations in business. The authors make an attempt at answering questions related to methods of business forecasting, causes of financial crises, with special emphasis placed on the current global financial crisis, as well as reactions of markets and business entities to economic slowdown. Since the chapters of this dissertation vary significantly in terms of the issues raised, the authors were given a free hand when deciding on aims, theses and analysis methods. The first section of the dissertation is related to methods of forecasting the broadly-defined economic conditions. The second part of the dissertation comprises chapters devoted to relation between fluctuations in business and the financial system. The third part of the dissertation touches upon the issue of cyclical fluctuations in business in particular markets. (skrócony abstrakt oryginalny)

Słowa kluczowe

EN

Business cycles; Forecasting methods; Economic and social phenomenon forecasting; Financial crisis; Economic development; Business cycles theory

PL

Cykl koniunkturalny; Metody prognozowania; Prognozowanie zjawisk ekonomiczno-społecznych; Kryzys finansowy; Rozwój gospodarczy; Teoria cykli koniunkturalnych

• Czasopismo: Scientific Publications / University of Economics in Katowice
• Rocznik: 2009
• Strony: 91

Twórcy

autor

Jacek (red.) Pietrucha

• Akademia Ekonomiczna im. Karola Adamieckiego w Katowicach

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