The business cycle is a complex phenomenon which attracts both scientific and public attention. For the latter case it is the pattern which displays the status of an economy as a whole including welfare, employment and social issues. For the former case we consider two main questions to give an...

Asset Prices, Booms and Recessions"" is a book on Financial Economics from a dynamic perspective. It focuses on the dynamic interaction of financial markets and economic activity. The financial markets to be studied here encompasses the money and bond market, credit market, stock market and...