Modern Business Cycle Analysis: A Guide to the Prescott-06s Debate

Modern Business Cycle Analysis: A Guide to the Prescott-Summers Debate

A Perspective on Modern Business Cycle Theory

T he global financial crisis and recession that started in 2007 with the surge of defaults of U.S. subprime mortgages is having a large impact on recent macroeconomic research. The framework of modern macroeconomics that has replaced traditional Keynesian economics since the 1970s has been widely criticized. Many of the criticisms have focused on the assumptions of the representative agent and ...

the differential effects of debate and media analysis as relate to enhancing efl learners critical thinking ability and writing performances

critical thinking ability has an important role in education. accordingly, scholars around the world are searching for new ways for teaching and improving students critical thinking ability. in line with the studies in efl contexts supporting the positive relationship between critical thinking and writing performances, this study investigated the differential effects of halverson’s critical thi...

The Early Modern Debate

II. Focus on Innateness: a. Central issue: the relation of the mental items in question and experience. b. Broadly construed, how are mental items tied to experience? i. Are all relevant mental items derived from experience? That is, do all relevant mental items depend on experience? ii. Empiricist: All relevant mental items are derived from (depend on) experience. c. Notions of ‘Dependence’ i....

Business Cycle Features In The Iranian Economy