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Business cycles are intervals of general expansion followed by recession in economic performance. The changes in economic activity that characterize business cycles have important implications for the welfare of the general population, government institutions, and private sector firms. There are many definitions of a business cycle.
Real business-cycle theory (RBC theory) is a class of new classical macroeconomics models in which business-cycle fluctuations are accounted for by real, in contrast to nominal, shocks. [1] RBC theory sees business cycle fluctuations as the efficient response to exogenous changes in the real economic environment.
Combining the growth cycle approach and other econometric techniques such as the Hodrick-Prescott filter, the industry cycles in the global semiconductor, PCs and flat panel display industries in the past decades are identified. [17] Industry cycles can be further measured using techniques such as the Fourier analysis. For example, three most ...
4.1 Economic and business cycles. 4.2 Music and rhythm cycles. 4.3 Political cycles. 4.4 Religious, mythological, and spiritual cycles. 4.5 Social and cultural cycles.
Order to cash (OTC or O2C) normally refers to one of the top-level (context level) business processes for receiving and processing customer orders and revenue recognition. . Order to cash is an essential function in finance; the entire cycle of events happens after a customer places an order until the customer pays for the order; that is, the order is converted to c
The Kitchin cycle is a short business cycle of about 40 months, identified in the 1920s by Joseph Kitchin. [ 1 ] This cycle is believed to be accounted for by time lags in information movement, affecting the decision making of commercial firms.
Pages in category "Business cycle" The following 43 pages are in this category, out of 43 total. This list may not reflect recent changes. ...
The Austrian business cycle theory (ABCT) is an economic theory developed by the Austrian School of economics seeking to explain how business cycles occur. The theory views business cycles as the consequence of excessive growth in bank credit due to artificially low interest rates set by a central bank or fractional reserve banks. [1]