X-Nico

unusual facts about business cycle



Fear the Boom and Bust

Fear the Boom and Bust is a 2010 hip hop music video in which 20th century economists John Maynard Keynes and Friedrich von Hayek (played by Billy Scafuri and Adam Lustick, respectively) take part in a rap battle discussing economics, specifically, the boom and bust business cycle, for which the video is named.


see also

Greenwood–Hercowitz–Huffman preferences

GHH preferences (short for Greenwood–Hercowitz–Huffman preferences), refer to an economic formula developed by Jeremy Greenwood, Zvi Hercowitz, and Gregory Huffman, in their 1988 paper Investment, Capacity Utilization, and the Real Business Cycle.

Real business cycle theory

The one which currently dominates the academic literature on real business cycle theory was introduced by Finn E. Kydland and Edward C. Prescott in their seminal 1982 work Time to Build And Aggregate Fluctuations.

Welfare cost of inflation

Cooley and Hansen (1989) calibrate a cash-in-advance version of a business cycle model.