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Review of Theoretical Aspects of the Business Cycle

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  • Sylwia Pangsy-Kania

Abstract

To-day, the problems of economic fluctuations assume particular importance. Every country.s economic condition, irrespective of its socioeconomic system, is subject to cyclical changes. Alternating phases of faster development and stagnation (or even recession) form a business cycle. An important task, on both the theoretical and empirical planes, is explanation of the origin of such fluctuations, the mechanism of their formation and description of their morphological characteristics, preceded by a short review of the existing definitions of the business cycle.

Suggested Citation

  • Sylwia Pangsy-Kania, 2004. "Review of Theoretical Aspects of the Business Cycle," Ekonomia journal, Faculty of Economic Sciences, University of Warsaw, vol. 12.
  • Handle: RePEc:eko:ekoeko:12_109
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    File URL: http://ekonomia.wne.uw.edu.pl/ekonomia/getFile/553
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    References listed on IDEAS

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    1. Ilse Mintz, 1972. "Dating American Growth Cycles," NBER Chapters, in: Economic Research: Retrospect and Prospect, Volume 1, The Business Cycle Today, pages 39-88, National Bureau of Economic Research, Inc.
    2. Arthur F. Burns & Wesley C. Mitchell, 1946. "Measuring Business Cycles," NBER Books, National Bureau of Economic Research, Inc, number burn46-1.
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