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Conversely, an economic or financial policy is called countercyclical if it works against the cyclical tendencies in the economy. That is, countercyclical policies are ones that cool down the economy when it is in an upswing, and stimulate the economy when it is in a downturn. [7]
In economics, secular stagnation is a condition when there is negligible or no economic growth in a market-based economy. [1] [2] In this context, the term secular means long-term (from Latin "saeculum"—century or lifetime), and is used in contrast to cyclical or short-term. It suggests a change of fundamental dynamics which would play out ...
Economic stability is the absence of excessive fluctuations in the macroeconomy. [ 1 ] [ 2 ] An economy with fairly constant output growth and low and stable inflation would be considered economically stable.
Cyclical asymmetry is a form of nonlinear economics and so its effects can be widely varied. However, the primary identification of a cyclical asymmetry is that resources, results, or actions taken to correct a change result in an unequal distribution of a resource or factor, which always leads to a disruption. [5]
The economy is thought to have four phases: early cycle, midcycle, late cycle, recession. Wall Street agrees we are in a 'late cycle' economy. Here's what it means and how to invest in it
An economic theory that defines wealth by the amount of precious metals owned. [48] business cycle. Also called the economic cycle or trade cycle. The downward and upward movement of gross domestic product (GDP) around its long-term growth trend. [49] The length of a business cycle is the period of time containing a single boom and contraction ...
Most developed and mature economies of the world (USA, Japan, Western Europe) are undergoing long-term transformation towards a “new normal” of doing business, state governance and ways of life. Cyclical crisis is a parallel, accompanying phenomenon, subject to different causes, special rules and separate dynamics.
An example of a counter-cyclical policy is raising taxes to cool the economy and to prevent inflation when there is abundant demand-side growth, and engaging in deficit spending on labour-intensive infrastructure projects to stimulate employment and stabilize wages during economic downturns.