Alvin H. Hansen's contributions to business cycle analysis

Alvin H. Hansen (1886-1895) approached business cycle analysis broadly from the theoretical, statistical, structural, and historic views.From an orthodox position that gave primary emphasis to investment fluctuations he became the leading protagonist of the Keynesian analysis in the United States, extending and stimulating its application to business cycle analysis and stabilization policy.The development of compensatory fiscal policy as a complement to monetary policy received was given great impetus by his work.An??