William Nordhaus coined the term “Political Business Cycle” a half-century ago. The idea was that government authorities, ...

Understanding the economy requires recognizing the predictable sequence of the Business Cycle, which is critical for ...

Official economic cycle declarations are made by the National Bureau of Economic Research based on specific factors such as GDP growth, household income, and unemployment rates. When a business cycle ...

What Is the Economic Cycle? The economic cycle, also known as the business cycle, is the fluctuation of economic activity between periods of expansion and contraction. The stages of the cycle are ...

The Artstor website will be retired on Aug 1st. The Journal of Economic Perspectives Vol. 32, No. 3, Summer 2018 Evolution of Modern Business Cycle Model... Evolution of Modern Business Cycle Models: ...

An advantage of using the model-based approach is that financial and business cycles can be jointly estimated, allowing information from all key economic relationships to be used in a consistent way.

A new paradigm of the business cycle needs to account for shifts in trend ... The frequency and depth of crises are key determinants of long-term growth and drive a new stylized model of economic ...

(2015): “Capital Requirements, Risk Choice, and Liquidity Provision in a Business Cycle Model,” Discussion Paper 687, Society for Economic Dynamics. Beltratti, A., AND R. M. Stulz (2012): “The credit ...

The course covers the Real Business Cycle model, the New-Keynesian model ... These models and policy studies will highlight important economic mechanisms that are relevant to analyse a range of past ...