• Riding the Waves: Understanding Business Cycles and Recessions

  • May 9 2025
  • Durée: 15 min
  • Podcast

Riding the Waves: Understanding Business Cycles and Recessions

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  • Résumé

  • What causes economies to boom and bust? In this episode, we break down the business cycle—its phases, causes, and consequences—and explore what defines a recession versus a depression. We examine different ways recessions are identified, including the technical definition and the broader NBER approach, and look at historical examples from Australia. You'll also learn about the long-term impacts of economic downturns and how policymakers attempt to smooth out the ride. Perfect for students, economists, or anyone curious about the forces shaping our economy.


    Source: https://www.rba.gov.au/education/resources/explainers/
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