What are business cycles?

Some articles on business cycle, business cycles, cycle:

Austrian Business Cycle Theory
... The Austrian business cycle theory (or ABCT) is an economic theory held by the Austrian School of economics concerning how business cycles occur ... The theory views business cycles as the inevitable consequence of excessive growth in bank credit, exacerbated by inherently damaging and ineffective central bank policies, which cause interest rates to remain ... The Austrian business cycle theory originated in the work of Austrian School economists Ludwig von Mises and Friedrich Hayek ...
Real Business Cycles - Real Business Cycle Theory
... The one which currently dominates the academic literature on real business cycle theory was introduced by Finn E ... The life cycle hypothesis argues that households base their consumption decisions on expected lifetime income and so they prefer to “smooth” consumption over time ... following the growth trend with no business cycles ...
Lucas Island Model
... Employment, Interest and Money was written, many economists were active in the research of business cycles ... In the early 1930s Friedrich Hayek introduced the idea that business cycles stems from individuals misperceptions about relative prices ... prices is central to the new classical explanation of business cycles ...
Saltwater And Freshwater Economics - Differences - Fiscal Policy
... public spending as a means to efficiently stabilize business cycles ... Saltwater Keynesian economists" argue that business cycles represent market failures, and should be counteracted through discretionary changes in ... failures might be important both as a cause of and as amplification and propagation of business cycles ...

Famous quotes containing the words cycles and/or business:

    The stars which shone over Babylon and the stable in Bethlehem still shine as brightly over the Empire State Building and your front yard today. They perform their cycles with the same mathematical precision, and they will continue to affect each thing on earth, including man, as long as the earth exists.
    Linda Goodman (b. 1929)

    all the arts lose virtue
    Against the essential reality
    Of creatures going about their business among the equally
    Earnest elements of nature.
    Robinson Jeffers (1887–1962)