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A Survey on Business Cycles: History, Theory and Empirical Findings

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Consequences of Social Transformation for Economic Theory (EASET 2022)

Part of the book series: Springer Proceedings in Business and Economics ((SPBE))

Abstract

This work summarizes recent advances in modelling and econometrics for alternative directions in macroeconomics and cycle theories. Starting from the definition of a cycle and continuing with a historical overview, some basic nonlinear models of the business cycle are introduced. Furthermore, some dynamic stochastic models of general equilibrium (DSGE) and autoregressive models are considered. Advances are then provided in recent applications to economics such as recurrence quantification analysis and numerical tools borrowed from other scientific fields such as physics and engineering. The aim is to embolden interdisciplinary research in the direction of the study of business cycles and related control techniques to broaden the tools available to policymakers.

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Authors and Affiliations

  1. Department of Economics and Finance, HSE University, 16 Soyuza Pechatnikov Street, St Petersburg, 190121, Russia

    Giuseppe Orlando

  2. Department of Mathematics, University of Bari, Via E. Orabona 4, 70125, Bari, Italy

    Giuseppe Orlando & Mario Sportelli

Authors
  1. Giuseppe Orlando
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  2. Mario Sportelli
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Correspondence to Giuseppe Orlando .

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Editors and Affiliations

  1. Faculty of Business, Law and Social Sciences, Birmingham City University, Birmingham, UK

    Vikas Kumar

  2. Department of Regional Industrial Policy and Economic Security, Institute of Economics, Ural Branch of the Russian Academy of Sciences, Ekaterinburg, Russia

    Evgeny Kuzmin

  3. College of International Management, Ritsumeikan Asia Pacific University, Beppu, Oita, Japan

    Wei-Bin Zhang

  4. Institute of Economics, Ural Branch of the Russian Academy of Sciences, Ekaterinburg, Russia

    Yuliya Lavrikova

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Orlando, G., Sportelli, M. (2023). A Survey on Business Cycles: History, Theory and Empirical Findings. In: Kumar, V., Kuzmin, E., Zhang, WB., Lavrikova, Y. (eds) Consequences of Social Transformation for Economic Theory. EASET 2022. Springer Proceedings in Business and Economics. Springer, Cham. https://doi.org/10.1007/978-3-031-27785-6_2

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