Sentences with phrase «output over the course of the business cycle»

This approach allows a role for monetary policy in dampening the fluctuations in output over the course of the business cycle.

The industrial sector, together with construction, accounts for the bulk of the variation in national output over the course of the business cycle.

Not exact matches

Changes in monetary policy might not do much to raise the economy's «long - term» growth potential, but they certainly affect output and employment over the course of the business cycle.