Definitions for business cycle
busi·ness cy·cle

Princeton's WordNetRate this definition:0.0 / 0 votes

1. business cycle, trade cyclenoun

   recurring fluctuations in economic activity consisting of recession and recovery and growth and decline

WiktionaryRate this definition:0.0 / 0 votes

1. business cyclenoun

   A long-term fluctuation in economic activity between growth and recession

WikipediaRate this definition:0.0 / 0 votes

1. Business cycle

   Business cycles are intervals of expansion followed by recession in economic activity. These changes have implications for the welfare of the broad population as well as for private institutions. Typically business cycles are measured by examining trends in a broad economic indicator such as Real Gross Domestic Production. Business cycle fluctuations are usually characterized by general upswings and downturns in a span of macroeconomic variables. The individual episodes of expansion/recession occur with changing duration and intensity over time. Typically their periodicity has a wide range from around 2 to 10 years (the technical phrase "stochastic cycle" is often used in statistics to describe this kind of process.) As in [Harvey, Trimbur, and van Dijk, 2007, Journal of Econometrics], such flexible knowledge about the frequency of business cycles can actually be included in their mathematical study, using a Bayesian statistical paradigm.There are numerous sources of business cycle movements such as rapid and significant changes in the price of oil or variation in consumer sentiment that affects overall spending in the macroeconomy and thus investment and firms' profits. Usually such sources are unpredictable in advance and can be viewed as random "shocks" to the cyclical pattern, as happened during the 2007–2008 financial crises or the COVID-19 pandemic. In past decades economists and statisticians have learned a great deal about business cycle fluctuations by researching the topic from various perspectives. Examples of methods that learn about business cycles from data include the Christiano–Fitzgerald, Hodrick–Prescott, and singular spectrum filters.

ChatGPTRate this definition:0.0 / 0 votes

1. business cycle

   A business cycle, also known as an economic cycle, refers to the fluctuations in economic activity that an economy experiences over a period of time. It consists of periods of economic expansion and contraction, typically measured in terms of GDP, characterized by stages such as growth (expansion), peak, recession (contraction), trough, and recovery. Factors such as gross domestic product (GDP), interest rates, levels of employment and unemployment, and income play significant roles in different phases of the business cycle.

WikidataRate this definition:0.0 / 0 votes

1. Business cycle

   The term business cycle refers to economy-wide fluctuations in production, trade and economic activity in general over several months or years in an economy organized on free-enterprise principles. The business cycle is the upward and downward movements of levels of GDP and refers to the period of expansions and contractions in the level of economic activities around its long-term growth trend. These fluctuations occur around a long-term growth trend, and typically involve shifts over time between periods of relatively rapid economic growth, and periods of relative stagnation or decline. Business cycles are usually measured by considering the growth rate of real gross domestic product. Despite being termed cycles, these fluctuations in economic activity can prove unpredictable.

Matched Categories

1. • Variation

How to pronounce business cycle?

1. Alex

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How to say business cycle in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of business cycle in Chaldean Numerology is: 7

2. Pythagorean Numerology

   The numerical value of business cycle in Pythagorean Numerology is: 3

Examples of business cycle in a Sentence

1. Anton Heese:

   This is confounding for people who argue the yield curve is not giving its usual signal on the economy because of central bank action, the difficulty this time is we have an abnormal business cycle and more importantly an abnormal central bank cycle ... (although) one is always cautious about saying the current situation is different from previous periods in history.

2. Torsten Slok:

   I can't ever remember a situation when we've seen anything like this before, when I was at the IMF there was only one global business cycle. In the late 1990s and early 2000s it would have been impossible to imagine the kind of decoupling we have today.

3. Diane Swonk:

   What many once hoped would be a sprint has become a marathon of a pandemic with the finish line a mirage, the risk of a policy misstep and a premature end to this business cycle is rising.

4. Torsten Slok:

   When I was at the IMF there was only one global business cycle. In the late 1990s and early 2000s it would have been impossible to imagine the kind of decoupling we have today.

5. Robert Parkes:

   We believe that market optimism on the mining sector is at a pretty low level on concerns regarding supply-side issues and the sustainability of Chinese growth. And that makes the sector sensitive to any good news coming through, we are overweight on the mining sector and believe that the pessimism is overdone especially in the current environment where the business cycle indicators are starting to point upwards. It's a cyclical sector and is exposed to a re-acceleration in the global economy.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=business cycle
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Business_Cycle
3. ^ Wikipedia
   https://en.wikipedia.org/wiki/Business_Cycle
4. ^ ChatGPT
   https://chat.openai.com
5. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=business cycle