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Business cycle thesis

Vasilev, Aleksandar Zdravkov Essays on real business cycle modeling and the public sector. PhD thesis, University of Glasgow. This thesis is composed of three core chapters on modern dynamic macroeconomics, which study different aspects of the public sector labor market in a large EU economy with significant public employment share and a non-trivial public sector wage premium over the private sector labor compensation. The study in this dissertation adds to earlier research by incorporating endogenous government hours and wages in the model framework and argues that the presence of a sizable public sector labor market in European economies generates significant interaction with the private sector labor and capital markets. In addition, the presence of interest groups labor unions, government bureaucracy , as well as other labor market frictions in the public sector, is shown to be an important element of the analysis when discussing fiscal policy reforms.
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Business Cycle Dating | NBER

China's Business Cycle and Monetary Policy. Hailun Zhang , University of Denver Follow. Economic reform that began in became a landmark in the evolution of the Chinese economy. The Chinese economy then gradually transferred from a planned economy to a market-oriented economy. I mainly focus on China's business cycles and monetary policy after in this paper.
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Business cycle

The business cycle , also known as the economic cycle or trade cycle , are the fluctuations of gross domestic product GDP around its long-term growth trend. These fluctuations typically involve shifts over time between periods of relatively rapid economic growth expansions or booms and periods of relative stagnation or decline contractions or recessions. Business cycles are usually measured by considering the growth rate of real gross domestic product.
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Besides, all of variables such as Real Gross Domestic Product RGDP , inflation and unemployment rate and their behaviour in the business cycle will be also demonstrated in the second part. The final part of this essay will analyse and compare the situation of Australian economy and USA. It involves shifts over time between periods of relatively rapid growth of output-recovery and prosperity, and periods of relative stagnation or decline- contraction or recession. These fluctuations are often measured using real gdp.

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