cyclical fluctuation

cyclical fluctuation

see BUSINESS CYCLE.
Cyclical fluctuationclick for a larger image
Fig. 35 Cyclical fluctuation. The pronounced short-term swings in output growth rates over the course of the BUSINESS CYCLE, around a rising long-term trend growth line for the country's GROSS NATIONAL PRODUCT.

cyclical fluctuation

the short term movements, both upwards and downwards, in some economic variable around a long-term SECULAR TREND line.

See DEMAND MANAGEMENT.

References in periodicals archive ?
CMC also has proportionate and diversified assets portfolio to offset cyclical fluctuation in metals and minerals industry, contributing to the sustainable development of the Corporation.
We all tend to think that the limited cyclical fluctuation in employment in Germany is "better" than the large fluctuations in Spain.
Chinese government takes active measures to reduce the cyclical fluctuation in residential property development industry and support the optimization of industrial structure and destocking of residence.
For the better evaluation of the control effect, this paper defines cyclical fluctuation rate, which refers to peak fluctuation coefficient of cylinder pressure.
We specify a state-space model representing a multivariate HP filter that links cyclical fluctuation in GDP with several indicators of macroeconomic imbalances.
Fukuda (2008) differentiated between classical cycles (calling them business cycles) and growth cycles in the mechanism of their formation, dividing chosen countries into those showing one or the other scheme of cyclical fluctuation. He assumes that either the same process creates cycles and trends or two different processes stand behind these fluctuations.
The second volume, their forthcoming counterpart to Friedman and Schwartz's A Monetary History of the United States, 1867-1960 (1963), will use these new estimates to analyze the cyclical fluctuation and long-run behavior of monetary aggregates and their relationship to other variables.
While the Columbus regional economy exhibits greater cyclical fluctuation, a labor market feature that is not enviable, the other important message in this figure has to do with long-term labor market health.
Another line has found that variation in the rate of job destruction over the business cycle explains most of the cyclical fluctuation in unemployment.
The extent of the cyclical fluctuation in government revenues depends on two factors: i) the size of the initial level of taxation (the average tax rate); and ii) the elasticity of taxation with respect to changes in output (the marginal tax rate).
They propose as an explanation that the most recent recessions have been marked by higher degrees of structural adjustment to cyclical fluctuation than had been the case in the past.
But with these come not only obligations, but also the responsibility for pursuing a healthy rate of economic growth -- and maintaining a credible fiscal policy amid cyclical fluctuations, demographic challenges and constant change.