RWCD tracks the MSCI USA Cyclical
Sectors -- USA Defensive Sectors 150/50 Return Spread Index, which has 150% long exposure to cyclical
sectors and 50% short exposures to defensives to arrive at 100% net long exposure.
May's reading is 27 points, or 27 percent, above the index cyclical
low of 97.8.
In the high-income economies, which still generate three-fifths of world output (at market prices), the cyclical
upswing is elderly and excess capacity has fallen sharply.
In order to define the monetary policy for the cyclical
response of macroeconomic policies, the standard Taylor rule (1993a; 1993b; 1995; 2000) modified by Chadha and Nolan (2007) is followed, while the fiscal policy rule is derived from Catao and Sutton (2002) and Gavin and Perotti (1997) as it was followed by Braun (2001) and Lane (2003).
Ramadan lets us enjoy different foods according to the season.
The reality though, is that there is science behind cyclical
analysis, and it begins with a simple question: "Has this happened before?".
Indeed, studies of the cyclical
behavior of labor force participation prior to the last recession have documented that the participation rate is relatively stable and only mildly procyclical (see, for example, Veracierto).
Summary: The net profit of the PGH (Poulina Group Holding) before the cyclical
contribution has increased by 21.7 million dinars (MD), i.e.
The US could maintain cruising speed, while the cyclical
boom might last longest in Europe due to a broadening recovery, writes Susan Joho, Economist, Julius Baer
A slow recovery, defined as a slow path back to the historical trend, cannot be easily distinguished from a situation in which the trend has slowed down, while cyclical
characteristics correspond to the average historical experience.
The authors show that allowing for job-to-job transitions in the model is essential to simultaneously account for the cyclical
features of worker transition rates and job flow rates.
In particular, we look at whether GDP and GDI indicate the same business cycles with respect to output and whether the cyclical
components of GDP and GDI move in the same way in relation to the cyclical
component of a number of other macroeconomic indicators.
"It was clear 2014 was a cyclical
peak in the number of properties sold," he continued.
The mean earnings of men in the top 1 percent of the earnings distribution are slightly more cyclical
than the mean earnings of all men.