Historically financial crises brink about recessions that are deeper and longer lasting than the normal business-cycle recessions.
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Rather than explaining the cycle in terms of market failure, as Keynes did, real business-cycle theory views a recession as the optimal response by households and firms to a shift in productivity.
Based on the recent course of events, one business-cycle scenario that merits consideration was fully developed in the 1930s by Friedrich von Hayek, a Nobelist and leader of the Austrian school of economics.
There is good reason to believe that there has been a turn in the business-scandal cycle.
The built-in forces that drive the business cycle the sub-cycles of profits, inventories, investment and credit are still there in the numbers, masked though they may be by the unusual convergence of circumstances seen in the late 1990s.
The link between how much health care we consume and the business cycle is well-established.
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Quadro, which is targeted at professional designers and modelers, is benefiting from the on-going business IT upgrade cycle.
The use of fiscal policy to fine-tune the business cycle in any more than this passive way went out of fashion around 30 years ago.
She is also a member of the Bureau's Business Cycle Dating Committee--the body charged with officially determining when a recession has started and ended--experience which will serve her well as she advises me on our current economic challenges.
"If there's too much uncertainty, no one will want to take the first step, " John Paglia, a small-business researcher at Pepperdine University, says of kick-starting the cycle of credit, spending and growth.
But surely a few of these governors and legislatures have come to realize that the way to create a long-term cycle of business growth is to foster a tax and regulatory environment that is favorable to all job creation, not just the kind that pops up on Entertainment Tonight.
Involuntary part-timers account for no more than 3-4% of the workforce, and though that figure has fluctuated with the business cycle it has shown no signs of a long-term increase.
In other words, defense equities cease to be a useful hedge against downturns in the commercial business cycle if they are over-exposed to it.
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He reckons that starting from current levels of volatility, eliminating the business cycle would increase average well-being by the equivalent of a fall in the unemployment rate of only 0.2 percentage points.
If he wants to cut taxes and increase public spending before the next general election, he will probably be able to do so without breaking his promise to balance the budget and control public-sector debt over the business cycle.
Amid the credit-boom phase of the present business cycle, the Japanese yen has been weak across the board, and is 25% undervalued against the dollar.
But macroeconomic belt-tightening at an awkward point in the business cycle is an entirely different matter from the painful, structural, microeconomic reforms that are needed to create jobs.
But for the rest, the recovery in manufacturing and housing in swing states owes more to the rhythms of the business cycle and global conditions, or to broad-based federal stimulus and easy monetary policy.
The business cycle accounted for much of that, but Harvey-Jones magic had made the difference too.
Private, non-agricultural productivity growth has behaved oddly during this business cycle.
Part-time work is often seasonal or otherwise vulnerable to the business cycle and other economic ups and downs.
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Or it may be a cyclical one: Asia's component-makers often prosper in the early stages of the Western business cycle, as companies rebuild their inventories in anticipation of brighter sales to come.
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Is this slowdown due to a systemic, permanent shift (like the evolution of digital music or the e-book) or is the industry simply mimicking the overall business cycle (after all, job growth is down in many sectors of the economy today)?
Despite this economic outlook, the stock markets in the last three months have agreed with the unstated assumptions in the whispers of "green shoots" - that growth is a prerogative of the modern era, that rebounds are always V-shaped and that central banks and politicians have abolished the business cycle that has plagued economic life since ancient times.
When the business cycle dips again and recruitment becomes harder a lot of females under-35 are going to find it hard to find work other than in the civil service.
Whereas 53.6% of workers with a given company in 1987 were still there in 1991, the four-year retention rate rose to 54.4% in 1991-95, if the figures are adjusted to allow for the business cycle.
Agencies must incorporate security into the architecture of their information and systems to ensure that security supports agency business operations and that plans to fund and manage security are built into life-cycle budgets for information systems.
Manufacturers, by contrast, are often weighed down by their past by pension debts and over-commitment to dud technology or caught out by a more volatile business cycle.
If so, around one-third of the rise in America's joblessness is impervious to the business cycle and cannot be solved by boosting demand (see article).
The lack of that guaranteed repeat business is a worry for longer-term bonds, which can have maturities ranging far beyond a given product cycle.
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