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Business Cycles

Business cycles are the short-run heartbeat of macroeconomics. They determine when jobs are plentiful or scarce, when incomes are rising or falling, and when policy intervention is most urgent.

What business cycles tracks

Business Cycles sits at a specific point in the macro system. This section covers what the concept captures, what it leaves out, and why it matters.

Business cycles are not periodic oscillations with predictable timing. They are irregular fluctuations driven by different shocks in different episodes, which is why no single forecasting model dominates.

The practical question is always the same: where are we in the cycle, what is driving the current phase, and how should policy respond?

Macro by Mark

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