Separating The Business Cycle From Other Economic Fluctuations

Topics:
Efficiency
Tags:
Federal Reserve Bank Of Kansas City,
Fluctuation,
Macroeconomics
Source:
Federal Reserve Bank of Kansas City

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Overview: The U.S. economy rarely grows smoothly. Periods of variable but positive growth are interrupted occasionally by contractions, usually brief. Macroeconomics is making some progress in understanding the patterns of aggregate fluctuations. This paper focuses on the labor market, though some of the new ideas also might help explain features of other markets.

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Format: PDF | Size: 267KB | Date: Feb 2006 | Pages: 47

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