Essays on macroeconomics : macroeconomic policy and economic performance

This thesis discusses the three issues that are important to macroeconomic policymakers. First, I examine the role of inventories over the business cycle. Despite accounting for less that 1% of the level of GDP, inventory changes have made up almost 50% of the post-war volatility of US GDP growth, a...

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Bibliographic Details
Main Author: McMahon, Michael Francis
Published: London School of Economics and Political Science (University of London) 2009
Subjects:
339
Online Access:http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.645821