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Growth and Cycles

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Abstract

There is a long tradition in macroeconomics of treating growth and cycles as distinct phenomena. However, various economists have also recognized the virtue of incorporating the two forces into a single framework and to study the way they are related. This article reviews this literature, with emphasis on attempts not only to integrate growth and cycles into a single framework but also to endogenize growth, cycles, or both.

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Barlevy, G. (2018). Growth and Cycles. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1234

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