1 / 18

Chapter 8

Business Cycles. Chapter 8. Figure 8.1 A business cycle. Table 8.1 NBER Business Cycle Turning Points and Durations of Post–1854 Business Cycles. Figure 8.2 GDP growth, 1960-2009.

sidney
Download Presentation

Chapter 8

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Business Cycles Chapter 8

  2. Figure 8.1 A business cycle

  3. Table 8.1 NBER Business Cycle Turning Points and Durations of Post–1854 Business Cycles

  4. Figure 8.2 GDP growth, 1960-2009 Source: Authors’ calculations from data on real GDP from the Federal Reserve Bank of St. Louis FRED database, research.stlouisfed.org/fred2/GDPC1.

  5. Figure 8.3 Standard deviation of GDP growth, 1960-2009 Source: Authors’ calculations from data on real GDP from the Federal Reserve Bank of St. Louis FRED database, research.stlouisfed.org/fred2/GDPC1.

  6. Figure 8.4 Chicago Fed National Activity Index, 1967-2009 Source: Federal Reserve Bank of Chicago Web site, www.chicagofed.org/economic_research_and_data/cfnai.cfm.

  7. Summary 10

  8. Figure 8.6 Cyclical behavior of the index of industrial production Source: Federal Reserve Bank of St. Louis FRED database at research.stlouisfed.org/fred2/series/INDPRO.

  9. Figure 8.7Cyclical behavior of consumption and investment Source: Federal Reserve Bank of St. Louis FRED database at research.stlouisfed.org/fred2seriesPCDGCC96 (durable goods), PCNDGC96 (nondurable goods), PCESVC96 (services), and GPDIC1 (investment).

  10. Figure 8.8Cyclical behavior of civilian employment Source: Federal Reserve Bank of St. Louis FRED database at research.stlouisfed.org/fred2/series/CE16OV.

  11. Figure 8.9 Cyclical behavior of the unemployment rate Source: Federal Reserve Bank of St. Louis FRED database at research.stlouisfed.org/fred2/series/UNRATE.

  12. Figure 8.10 The job finding rate, 1976–2009 Source: Shigeru Fujita and Garey Ramey, “The Cyclicality of Separation and Job Finding Rates,” International Economic Review, May 2009, pp. 415–430; data updated by Shigeru Fujita.

  13. Figure 8.11 The job loss rate Source: Shigeru Fujita and Garey Ramey, “The Cyclicality of Separation and Job Finding Rates,” International Economic Review, May 2009, pp. 415–430; data updated by Shigeru Fujita.

  14. Table 8.2Jobs Lost and Gained In an Expansion and a Recession

  15. Figure 8.12Cyclical behavior of average labor productivity and the real wage Source: Federal Reserve Bank of St. Louis FRED database at research.stlouisfed.org/fred2 series OPHNFB (productivity) and COMPRNFB (real wage).

  16. Figure 8.13 Cyclical behavior of nominal money growth and inflation Source: Federal Reserve Bank of St. Louis FRED database at research.stlouisfed.org/fred2 series M2SL and CPIAUCSL.

  17. Figure 8.14Cyclical behavior of the nominal interest rate, 1947–2009 Source: Federal Reserve Bank of St. Louis FRED database at research.stlouisfed.org/fred2/series/TB3MS.

  18. Figure 8.15Industrial production indexes in six major countries, 1960–2009 Source:International Financial Statistics, August 2009, from International Monetary Fund (with scales adjusted for clarity). Note: The scales for the industrial production indexes differ by country; for example, the figure does not imply that the United Kingdom’s total industrial production is higher than that of Japan.

More Related