textabstractAlso published in: David F. Hendry and Mary S. Morgan (Eds), The Foundations of Econometric Analysis, Cambridge University Press, New York, 1995, pp. 322-339

textabstractLes considérations suivantes se rapportent à la théorie des oscillations économiques. Comme résultat idéal de toutes les recherches à ce sujet, on peut,, il me semble, indiquer la découverte des causes et du mécanisme du mouvement cyclique général des affaires. Au point de vue quantitatif, on est encore loin d'avoir satisfait à cette exigence idéale. Un accord satisfaisant entre théorie et observation statistique n'existe que dans certains cas très simples. Pour les cas plus compliqués, il n'y a guère de t,héorie quantitative suffisamment élaborée, et les corrélations qu'on a trouvées expérimentalement manquent souvent d'une base logique assez fondée. Il y a donc ici un champ très étendu pour la Société d'ficonométrie. J'espère donner ici une petite contribution aux recherches théoriques dans ce champ. Cette contribution n'a cependant qu'un caractère préparatoire.

Basic Factors, 464. — Antecedent Events, 465. — Objectives, 468. — Structure, Powers, and Duties, Original Act, 469; Amended Act, 472. — Operations, 475. — Results and Conclusions, 484. — Appendix, 488.

Journal Article Speculation and the Stability of Stock Prices Get access M. J. Fields M. J. Fields Harvard University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 47, Issue 2, February 1933, Pages 357–367, https://doi.org/10.2307/1883695 Published: 01 February 1933

I. The Cassel method, 647.— Kitchin's estimate, 648.— II. The problem of the base years: cyclical complications, 649; wholesale vs. general prices, 653; international aspect, 654.— III. The problem of the "normal" gold supply, 655.— IV. The problem of the rate of increase in the demand for gold, 658.— The first sub-assumption, 659; the second, 660; the third, 660.— Bank currency: England, 665; France, 669; Germany, 671; United States, 675.— V. Conclusions, 677.

Introduction, 449. — Brokerage office loan routine, 449. — Demand for funds inelastic at a given moment, 453; and over a period of time, 454. — Supply by “others” inelastic in 1927, 456. — Supply by banks elastic throughout 1927, 458. — New security issues the cause of increased demand for loans in 1928 and 1929, 460. — As a result of Federal Reserve policy, supply by banks inelastic after 1927, 461. — New security issues and high interest rates responsible for elasticity of supply by “others” in 1928 and 1929, 461. — Conclusion, 462.

IV.—A Note on Mr. Kahn's Paper Get access J. R. Hicks J. R. Hicks London School of Economics Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 1, Issue 1, October 1933, Pages 78–80, https://doi.org/10.2307/2967442 Published: 01 October 1933

Reviews the book "The Federal Reserve Act: Its Origin and Problems," by J. Laurence Laughlin.

Reviews the book "New York C.P.A. Law Questions With Answers," by A. Lincoln Lavine.