We use multivariate unobserved components models to estimate trend and cyclical components in gross domestic product (GDP), credit volumes, and house prices for the USA and the five largest European ...

Thomas Kevin Swift has packed insights gathered over a long career in industrial economics into A History of American Business Cycles, a book released earlier this year. The book tackles large volumes ...

Milton Friedman and the Monetarists believed that fluctuations in the money supply caused the boom-and-bust business cycles.

The concept of economic cycles is pivotal in understanding the fluctuations in the economy that impact our daily lives. These cycles consist of four main phases: expansion, peak, recession, and ...

Seasonal businesses routinely encounter a range of financial and operational challenges. Navigating economic factors such as fluctuating tariffs threatening the cost of goods and immigration ...

We show that business cycles reduce welfare through a decrease in the average level of employment in a labor market search model with learning on the job and skill loss during unemployment.

The US economy remains resilient. We are beginning to see signs of life in the manufacturing sector, with recent weakness is primarily a result of the most lagging economic data in the form of income ...