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Economic Modelling in IRAN,  and SDG Implementation in  2030 Agenda
Economic Modelling in IRAN,  and SDG Implementation in  2030 Agenda

... The DSGE model designed in Ministry of Economic Affairs and Finance of Iran, is an open dynamic stochastic general equilibrium model in which the export‐import and currency rate is modeled. Also, to have a better explanation of empirical data in the model, some frictions such as sticky prices and wa ...
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Class 22 - American Heritage

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Business cycle

The business cycle or economic cycle is the downward and upward movement 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).Used in the indefinite sense, a business cycle is a period of time containing a single boom and contraction in sequence.Business cycles are usually measured by considering the growth rate of real gross domestic product. Despite being termed cycles, these fluctuations in economic activity can prove unpredictable.A boom-and-bust cycle is one in which the expansions are rapid and the contractions are steep and severe.
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