2
اقتصاد::
چرخۀ تجاری، سیکل تجاری
Old Keynesians generally took Knight's (1937) advice to ignore the claim to revolution in economic theory and to simply treat The General Theory as another contribution to the theory of business cycles.
This is most obvious from the Old Keynesian reliance on wage rigidity to account for unemployment and the use of an AD-AS model that incorporates the Pigou effect and its use to generate a business cycle via the action of exogenous shocks on nominal wage and/or price stickiness to change real variables.
The principle of effective demand provides the theoretical framework for that opinion and clearly The General Theory is not just another model of the business cycle, as many Keynesians believe, but a theory that identifies a structural failure inherent in laissez-faire capitalism.
Taken together, these proposals lift the return and reduce the risk to private capital, thereby reducing the volatility of the business cycle, which is driven largely by fluctuations in the marginal efficiency of capital.
In particular, for Keynes fiscal policy was not primarily concerned with fine-tuning the business cycle but with underpinning the level of aggregate expenditure so as to lift the rate of return and reduce the risk on private capital.،The seeds of a crisis: a theory of bank liquidity and risk taking over the business cycle.
Banks' capital buffer, risk and performance in the Canadian banking system: impact of business cycles and regulatory changes.
Bank capital buffer and portfolio risk: the influence of business cycle and revenue diversification.
Banks' regulatory capital buffer and the business cycle: evidence for Germany.
واژگان شبکه مترجمین ایران