A business cycle refers to the periodic expansion and contraction a company experiences. While the concept often is used in relation to the larger economy, its phases have applications to each ...

The business cycle involves four stages of a product's life: introduction, growth, maturity and decline. The product life cycle business concept is contingent on a few assumptions, including the idea ...

The “business cycle” might just be one of the oldest ideas in economics. For more than 200 years, economists have been pointing to the tendency of economies to expand, then slow down, contract and ...

While the NBER collects economic data ostensibly to aid policymakers, the data it acquires is useless without proper economic ...

The economy is always in a state of flux, moving through periods of growth and recession, and after both, a full business cycle is complete. That cycle can be broken down further into four stages: ...

Norbert Michel studied and wrote about financial markets and monetary policy, including the reform of Fannie Mae and Freddie Mac. Central banks … will do wisely to lay aside their inexpert ventures in ...

This is the second in a series called Behavioral Finance and Macroeconomics. We will explore the effect behavior has on markets and the economy as a whole--and how advisors who understand this ...

The idea that business cycle fluctuations may stem partly from changes in consumer and business confidence is controversial. One way to test the idea is to use professional economic forecasts to ...

Austerity versus stimulus, raise taxes, cut taxes—with every recession and boom the opposing sides take up arms in the ideological fight over how to respond to the sudden reversal of good fortune. One ...

This paper proposes a very tractable approach to modeling changes in regime. The parameters of an autoregression are viewed as the outcome of a discrete-state Markov process. For example, the mean ...