This groundbreaking contribution to the business cycle literature combines a systematic empirical investigation into the characteristics of business cycles with a review of general theories of their patterns and dynamics. The contributors have provided two studies based on the remarkable series of Swedish data available, and a theoretical paper on endogenous shocks.

This volume examines economic growth from a non-technical perspective, focusing on the question of whether governments help or hinder such growth. Contributors reveal those channels through which government influence runs most effectively.