Financial Analytics: Science and Experience

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Financial Analytics: Science and Experience

3(189) - 2014 January

Key theories of the economic cycle

Vol. 7, Iss. 3, JANUARY 2014

Available online: 25 January 2014

Subject Heading: Macroeconomics

JEL Classification:

Tupchiyenko V.A. Doctor of Economic Sciences, Academician of the Russian Academy of Natural Sciences, Professor, the Department of Macroeconomic Regulation, the Financial university under the Government of the Russian Federation, Professor of the Department of Management of Business Projects, the National Research Nuclear University
kaf72@mephi.ru

Krivtsova M.K. Student of the Public and Municipal Administration Faculty, the Financial university under the Government of the Russian Federation
marinstar@bk.ru

In the article the key theories of economic cycles which appeared as a reaction to an unstable situation of capitalistic economy are analyzed; the detailed characteristic of its main stages is also given. The authors emphasize the necessity of using the anti-cyclic policy of the state for counteraction to the fluctuations of the economic environment, smoothing the top and bottom rotary points of the economic cycles as well.

Keywords: economic cycle, fluctuation, stage, theory, anti-cyclic policy, state, gross domestic product

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ISSN 2311-8768 (Online)
ISSN 2073-4484 (Print)

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