Что (кто) такое business cycle indicator - определение

ECONOMIC THEORY

Austrian theory of the business cycle; Austrian Theory of the Business Cycle; Austrian Business Cycle Theory; Hayek's triangle; Hayekian triangle

Conjuncture

FLUCTUATION IN THE DEGREE OF UTILIZATION OF THE PRODUCTION POTENTIAL OF AN ECONOMY

Boom and bust; Business cycles; Business Cycle; Economic cycles; Economic cycle; Conjuncture; Business cycle frequency; Economic fluctuations; Economic fluctuation; The business cycle; Economic booms; Boom-and-bust; Macroeconomic cycle; Trade cycle; Recession cycle; Business fluctuations; Business fluctuation; Conjunctural; Economic conjuncture; Social conjuncture; Economical conjuncture; Global conjuncture; International conjuncture; Historical conjuncture; Geopolitical conjuncture; Sociopolitical conjuncture; Boom (economic); Business Cycles; Domino economics; Building boom; Conjunctures; Boom & bust; Speculative boom; Boom/bust cycle; Boom-bust cycle; Boom-bust cycles; Business-cycle; Businesses cycles; Political business cycle; Boom-and-bust cycle

·noun The act of joining, or state of being joined; union; connection; combination.

II. Conjuncture ·noun A crisis produced by a combination of circumstances; complication or combination of events or circumstances; plight resulting from various conditions.

boom-bust cycle

FLUCTUATION IN THE DEGREE OF UTILIZATION OF THE PRODUCTION POTENTIAL OF AN ECONOMY

A boom-bust cycle is a series of events in which a rapid increase in business activity in the economy is followed by a rapid decrease in business activity, and this process is repeated again and again. (BUSINESS)

We must avoid the damaging boom-bust cycles which characterised the 1980s.

N-COUNT

Business cycle

FLUCTUATION IN THE DEGREE OF UTILIZATION OF THE PRODUCTION POTENTIAL OF AN ECONOMY

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.

https://en.wikipedia.org/wiki/Business_cycle

Википедия

Austrian business cycle theory

The Austrian business cycle theory (ABCT) is an economic theory developed by the Austrian School of economics about 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. The Austrian business cycle theory originated in the work of Austrian School economists Ludwig von Mises and Friedrich Hayek. Hayek won the Nobel Prize in Economics in 1974 (shared with Gunnar Myrdal) in part for his work on this theory.

According to the theory, the business cycle unfolds in the following way: low interest rates tend to stimulate borrowing, which lead to an increase in capital spending funded by newly issued bank credit. Proponents hold that a credit-sourced boom results in widespread malinvestment. A correction or credit crunch, commonly called a "recession" or "bust", occurs when the credit creation has run its course. The money supply then contracts (or its growth slows), causing a curative recession and eventually allowing resources to be reallocated back towards their former uses.

The Austrian explanation of the business cycle differs significantly from the mainstream understanding of business cycles and is generally rejected by mainstream economists on both theoretical and empirical grounds. Austrian School theorists have continued to contest these conclusions.

https://en.wikipedia.org/wiki/Austrian business cycle theory