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Englisch
This may have significant implications, for example when evaluating the costs of business cycles or evaluating a policy change in a dynamic general equilibrium model with heterogeneous agents.
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A significant portion of his work focuses on business cycles.
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They proposed to implement regulation to prevent the systemic risks and to curb business cycles, including the limitation of the leverage effect, which amplifies cycles.
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Economists refer to these cyclical movements about the trend as business cycles.
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