Business Cycles

Calibration
Identification of the numerical values of the parameters in an economic model by various informed methods.
Credit Cycle
The theory that business cycles are caused by fluctuations in credit
Economic Depression
An in-depth examination of an economic depression, its historical contexts, definitions, and major frameworks.
National Bureau of Economic Research (NBER)
An in-depth understanding of the National Bureau of Economic Research (NBER), its historical perspective, key contributions, and influence on economic analysis.
Shake-out
The process of removing resources from some sector of the economy.
Sunspot Theory
An economic theory predicting that economic activity can be coordinated with external non-economic events.