[The Business Cycle and the Life Cycle]: Comment

Business Cycle Features In The Iranian Economy

Discussion of “ Business Cycle and the Life Cycle ”

It has been well known for at least the past two decades that the standard neo-classical growth model, notwithstanding its surprising success in explaining many aggregate phenomena, performs poorly when it comes to explaining business cycle fluctuations in the labor market. The work of Gomme, Rogerson, Rupert, and Wright (henceforth GRRW) builds on the premise that the understanding of labor ma...

How Should The Entrepreneurs OfSMEs In Iran Change Their Style In a Business Life Cycle

Kambeiz Talebi, the author of the Article discusses the urgent needfor topmanagers to change their style in small entrepreneurial firms during a business life cycle. Although most leadership theories assume that it is an easy task, but the case studies and practical experience suggest the opposite - managers find it hard to move from an innovative style when the company is young to taskoriente...

Bank Lending Behaviour over the Business Cycle in Iran

This paper studies bank loans over the business cycles in Iran to determine the role of Iranian banks in stabilizing credit. By estimating the long-run relations using dynamic OLS and fully modified OLS estimators, the findings show that real bank lending is positively related to real GDP in the long-run providing evidences of the pro-cyclicality of bank lending in Iran. Hence, Iranian banking ...

Analysis of the Relationship between the Business Cycle and Inflation Gap in Time-Frequency Domain

Controlling the business cycle and minimizing the inflation gap are considered as two major goals for monetary policy. Hence, the policymaker will be able to make more decisive decisions with an awareness of the dynamic relationship and causal relationship between these two variables. Accordingly, the present study uses a discrete and continuous wavelet transform to provide a new understanding ...