The authors call for bold policy actions at both the national and global levels to lift growth prospects. The book is essential reading for policy makers, economists, and anyone concerned about the ...

Economic expansion is characterized by growth and contraction, including recession, a decline in economic activity that can last several months. Four stages characterize the economic cycle ...

based on a number of factors including economic growth, employment, industrial production, consumer spending and retail sales. Recessions are typically marked by a significant decline in economic ...

Should a country’s gross domestic product include ... this ensured “that fiscal spending would increase measured economic growth regardless of whether it actually benefited individuals ...