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Business cycle and Macroeconomic model

Shortcuts: Differences, Similarities, Jaccard Similarity Coefficient, References.

Difference between Business cycle and Macroeconomic model

Business cycle vs. Macroeconomic model

The business cycle, also known as the economic cycle or trade cycle, is the downward and upward movement of gross domestic product (GDP) around its long-term growth trend. A macroeconomic model is an analytical tool designed to describe the operation of the economy of a country or a region.

Similarities between Business cycle and Macroeconomic model

Business cycle and Macroeconomic model have 14 things in common (in Unionpedia): Dynamic stochastic general equilibrium, Edmund Phelps, Fiscal policy, Gross domestic product, Keynesian economics, Macroeconomics, Milton Friedman, Monetary policy, Neoclassical economics, Phillips curve, Real business-cycle theory, Robert Lucas Jr., The Review of Economics and Statistics, 1973–75 recession.

Dynamic stochastic general equilibrium

Dynamic stochastic general equilibrium modeling (abbreviated as DSGE, or DGE, or sometimes SDGE) is a method in macroeconomics that attempts to explain economic phenomena, such as economic growth and business cycles, and the effects of economic policy, through econometric models based on applied general equilibrium theory and microeconomic principles.

Business cycle and Dynamic stochastic general equilibrium · Dynamic stochastic general equilibrium and Macroeconomic model · See more »

Edmund Phelps

Edmund Strother Phelps, (born July 26, 1933) is an American economist and the winner of the 2006 Nobel Memorial Prize in Economic Sciences.

Business cycle and Edmund Phelps · Edmund Phelps and Macroeconomic model · See more »

Fiscal policy

In economics and political science, fiscal policy is the use of government revenue collection (mainly taxes) and expenditure (spending) to influence the economy.

Business cycle and Fiscal policy · Fiscal policy and Macroeconomic model · See more »

Gross domestic product

Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced in a period (quarterly or yearly) of time.

Business cycle and Gross domestic product · Gross domestic product and Macroeconomic model · See more »

Keynesian economics

Keynesian economics (sometimes called Keynesianism) are the various macroeconomic theories about how in the short run – and especially during recessions – economic output is strongly influenced by aggregate demand (total demand in the economy).

Business cycle and Keynesian economics · Keynesian economics and Macroeconomic model · See more »

Macroeconomics

Macroeconomics (from the Greek prefix makro- meaning "large" and economics) is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole.

Business cycle and Macroeconomics · Macroeconomic model and Macroeconomics · See more »

Milton Friedman

Milton Friedman (July 31, 1912 – November 16, 2006) was an American economist who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy.

Business cycle and Milton Friedman · Macroeconomic model and Milton Friedman · See more »

Monetary policy

Monetary policy is the process by which the monetary authority of a country, typically the central bank or currency board, controls either the cost of very short-term borrowing or the monetary base, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.

Business cycle and Monetary policy · Macroeconomic model and Monetary policy · See more »

Neoclassical economics

Neoclassical economics is an approach to economics focusing on the determination of goods, outputs, and income distributions in markets through supply and demand.

Business cycle and Neoclassical economics · Macroeconomic model and Neoclassical economics · See more »

Phillips curve

The Phillips curve is a single-equation empirical model, named after William Phillips, describing a historical inverse relationship between rates of unemployment and corresponding rates of rises in wages that result within an economy.

Business cycle and Phillips curve · Macroeconomic model and Phillips curve · See more »

Real business-cycle theory

Real business-cycle theory (RBC theory) is a class of new classical macroeconomics models in which business-cycle fluctuations to a large extent can be accounted for by real (in contrast to nominal) shocks.

Business cycle and Real business-cycle theory · Macroeconomic model and Real business-cycle theory · See more »

Robert Lucas Jr.

Robert Emerson Lucas Jr. (born September 15, 1937) is an American economist at the University of Chicago.

Business cycle and Robert Lucas Jr. · Macroeconomic model and Robert Lucas Jr. · See more »

The Review of Economics and Statistics

The Review of Economics and Statistics is a peer-reviewed academic journal covering applied quantitative economics.

Business cycle and The Review of Economics and Statistics · Macroeconomic model and The Review of Economics and Statistics · See more »

1973–75 recession

The 1973–75 recession or 1970s recession was a period of economic stagnation in much of the Western world during the 1970s, putting an end to the overall Post–World War II economic expansion.

1973–75 recession and Business cycle · 1973–75 recession and Macroeconomic model · See more »

The list above answers the following questions

Business cycle and Macroeconomic model Comparison

Business cycle has 154 relations, while Macroeconomic model has 68. As they have in common 14, the Jaccard index is 6.31% = 14 / (154 + 68).

References

This article shows the relationship between Business cycle and Macroeconomic model. To access each article from which the information was extracted, please visit:

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