state intervention is necessary to moderate the booms and busts in economic activity, otherwise known as the business cycle. There are three principal tenets in the Keynesian description of how the ...

are broad economic events that affect many industries and companies. The United States economy has experienced approximately 10 of these boom-and-bust business cycles since 1945. They've varied in ...

There are not many people who spend time thinking about the business cycle, given it is a dull corner of economics, but the ebb and flow of the cycle affects us in a fundamental way, through ...

the eight-member Business Cycle Dating Committee at the National Bureau of Economic Research. The NBER is a century-old think tank in Cambridge, Massachusetts. While the Bureau is independent ...

Instead of looking for exogenous shocks as causes of business cycles, we focus on the power law that causes the synchronized behavior of economic agents to elucidate the mechanism by which micro ...

We propose a highly tractable way of analyzing business cycles in an environment with random job search both off- and on-the-job (OJS). Heterogeneity in productivity across jobs generates a job ladder ...

These patterns suggest that productivity growth has a systematic relationship with the business cycle. Economists Regis Barnichon and ... by patterns of excess demand in the economy. In this Economic ...

They are determined by production, employment, interest rate and price. By means of the business cycle, the overall economic situation of a region can be assessed and periods of upturn and downturn ...

Our EU Business Cycle Monitor tracks the economic development of the EU countries on the basis of selected indicators.