Although productivity cycles typically corresponded fairly closely to expansion and contraction phases of macroeconomic cycles
, no exogenous information was used in dating cycles.
China's current leadership appears to have failed to understand the lessons of China's last macroeconomic cycle
and appeared to believe that they could use unprecedented monetary expansion to achieve their pro-growth agenda.
In a comprehensive study of several OECD countries, Alesina, Cohen, and Roubini (1992, 1993) find limited supporting evidence for a variety of macroeconomic cycles
and conclude by rejecting the implications of PBC.
Although some Outlooks will be resolved positively once there is a rebound from the recession, Outlooks are not driven primarily by the macroeconomic cycle
but by other key financial trends which continue to be a challenge for many corporate credits.
Over 90 percent of the new launches will consist of residential products, reflecting ALI's optimism on this segment which closely tracks macroeconomic cycles
Recessions are a normal part of the macroeconomic cycles
that the world experiences, and happen from time to time.
Therefore, the efficacy of the conservative operative fixed-rules based monetary policy in tandem with mono-linear fiscal retraction is increasingly being questioned in dampening macroeconomic cycles
MOEA officials indicated that affected by macroeconomic cycles
and global market fluctuations, Taiwan's photovoltaic and LED industries have been fretted by excessive supply, and therefore the government decides to assist insiders in the lines to transform and vertically integrate their operations.