The theory presented in this paper ties together profits, investment, credit, stock prices, inflation, and interest rates. The author discusses new estimates of profit and investment functions with important roles for growth and demand and productivity, price and cost levels, risk perception,...

Countries and periods that benefit from higher economic growth trends are likely to enjoy additional gains from more moderate business cycles; with less frequent and/or milder recessions. Correspondingly, where and when growth gets to be disappointingly low, business cycles are likely to get...

Clusters of cyclical turning points in the coincident indicators help us identify and date euro area recessions and recoveries in the past several decades. In the USA and some other countries, composite indexes of coincident indicators (CEI) are used to date classical business cycle turning...