Business Cycle

The term business cycle (or economic cycle) refers to economy-wide fluctuations in production or economic activity over several months or years. These fluctuations occur around a long-term growth trend, and typically involve shifts over time between periods of relatively rapid economic growth (an expansion or boom), and periods of relative stagnation or decline (a contraction or recession).

Business cycles are usually measured by considering the growth rate of real gross domestic product. Despite being termed cycles, these fluctuations in economic activity do not follow a mechanical or predictable periodic pattern.

Read more about Business CycleIdentifying, Explanations, Mitigating An Economic Downturn

Other articles related to "business cycle, business cycles, cycle, business":

Business Cycle - Mitigating An Economic Downturn
... governments of developed nations have seen the mitigation of the business cycle as part of the responsibility of government, under the rubric of stabilization policy ... notably New classical economist Robert Lucas, argue that the welfare cost of business cycles are very small to negligible, and that governments should focus on long-term growth instead of stabilization ... according to Keynesian theory, managing economic policy to smooth out the cycle is a difficult task in a society with a complex economy ...
Modern Economics - Macroeconomics - Business Cycle
... Main article Business cycle See also Circular flow of income, Aggregate supply, Aggregate demand, Unemployment, and Great Depression The economics of a depression were the spur for the creation of "macroeconomi ... by the central bank and fiscal policy actions by the government to stabilize output over the business cycle ... Over the years, understanding of the business cycle has branched into various research programs, mostly related to or distinct from Keynesianism ...
Michał Kalecki - Publications - In English
... An Essay on the Theory of the Business Cycle (Próba teorii koniunktury), 1933 ... "A Macrodynamic Theory of Business Cycles", 1935, Econometrica ... "The Mechanism of Business Upswing" (El mecanismo del auge económico), 1935, Polska Gospodarcza ...
Recent Work That Tests The Skyscraper Index Hypothesis
... A recent study by Barr, Mizrach and Mundra (2011), entitled "Skyscraper Height and the Business Cycle International Time Series Evidence" aims to see ... the world's tallest buildings and the peaks and troughs of the United States business cycle, as measured by the National Bureau of Economic Research ... no relationship between the timing of record breaking buildings and the business cycle ...
Business Cycle Accounting
... Business cycle accounting is an accounting procedure used in macroeconomics to decompose business cycle fluctuations into contributing factors ... Business cycle accounting decomposes fluctuations in macroeconomic variables, such as GDP or employment, into fluctuations of each of these wedges (and their combinations) ... Business cycle accounting has been done for various countries and various periods of time ...

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