Business Cycles
The business cycle, also known as the economic cycle or trade cycle, are the fluctuations of gross domestic product (GDP) around its long-term growth trend. The length of a business cycle is the period of time containing a single boom and contraction in sequence. These fluctuations typically involve shifts over time between periods of relatively rapid economic growth (expansions or booms) and periods of relative stagnation or decline (contractions or recessions). Business cycles are usually measured by considering the growth rate of real gross domestic product. Despite the often-applied term cycles, these fluctuations in economic activity do not exhibit uniform …
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CEPR: Centre for Economic Policy Research · 17 April 2024 English
In his non- profit activity, Vladyslav served as a member of the National Reform Council (2014-2016), Chair of the Banking Committee of the American Chamber of Commerce in Ukraine (2010-2014) …
globalisation, innovation, financial frictions), and business cycles. Yuriy serves on many editorial boards, including …
IFS: Institute for Fiscal Studies · 15 April 2024 English
Turning to the parameter estimates in the wage equation, we see that wage gaps of race- ethnicity minority groups tend to be most pronounced in the bottom half of the …
Employment is procyclical with respect to state business cycles. Moreover, employment declines with increases …
NBER: National Bureau of Economic Research · 12 April 2024 English
During the Progressive Era (1900-29), economic growth was rapid but volatile. Boom and busts witnessed the formation and failure of tens of thousands of firms and thousands of banks. This …
Cycle: Continuity and Change, NBER Studies in Business Cycles, vol. 25, Robert J. Gordon, ed. University …
NBER: National Bureau of Economic Research · 11 April 2024 English
We examine banking regulation in a macroeconomic model of bank runs. We construct a general equilibrium model where banks may default because of fundamental or self-fulfilling runs. With only fundamental …
NBER: National Bureau of Economic Research · 11 April 2024 English
Fiscal policy in the U.S. and other countries renders intertemporal budgets non-differentiable, nonconvex, and discontinuous. Consequently, assessing work and saving responses to policy requires global optimization. This paper develops the …
Rebelo, S. T. (1988). Production, growth and business cycles: I. the basic neoclassical model. Journal of …
NBER: National Bureau of Economic Research · 11 April 2024 English
The object of this paper is to assess the role of supply shocks, labour market tightness and expectation formation in explaining bouts of inflation. We begin by showing that a …
World Bank Group · 10 April 2024 English
This paper shows how growth regressions can be useful for analyzing a country’s growth performance. Growth regressions describe changes in key macroeconomic variables that countries typically experience during their growth …
R.J. and E. Prescott (1981): Post-War U.S. Business Cycles: An Empirical Investigation. Discussion Papers …
World Bank Group · 10 April 2024 English
This paper shows how growth regressions can be useful for analyzing a country’s growth performance. Growth regressions describe changes in key macroeconomic variables that countries typically experience during their growth …
R.J. and E. Prescott (1981): Post-War U.S. Business Cycles: An Empirical Investigation. Discussion Papers …
NIESR: National Institute of Economic and Social Research · 9 April 2024 English
The procyclical leverage cap compounds the procyclical behaviour of the bank’s equity, restricting credit supply in the trough of the business cycle and easing it when the economy is booming. …
Yaron, and Lu Zhang. 2003. “Asset prices and business cycles with costly external finance.” Review of Economic … Gourio, François. 2012. “Disaster Risk and Business Cycles.” American Eco- nomic Review, 102(6): 2734–66 …
IMF: International Monetary Fund · 5 April 2024 English
We examine the impact of commodity price changes on the business cycles and capital flows in emerging markets and developing economies (EMDEs), distinguishing between their role as a source of shock and …
the impact of commodity price changes on the business cycles and capital flows in emerging markets and … dependence significantly influences their business cycles and capital flows (Reinhart and Reinhart, 2009; … a source of shock. The comovement between business cycles and capital flows in EMDEs is a recognized … research on the impact of commodity prices on business cycles (Fern´andez, Schmitt-Groh´e, and Uribe, 2017; … key role of Px booms (and busts) in driving business cycles, and their strong association with surges (and …
