Monitoring and analysis of the business cycle

The aim of this article is to analyze trends of business cycle in the past decades. The main issues are following. Reasons of declining in economic activities. Special features of the postwar cycles. Causes of long-run changes in business cycle. Countercyclical policies. Impacts elements of new economy on the stages of business cycle. Methodological approaches to the monitoriong of business cycle at the level of the OECD and the EU countries.

Keywords: economic growth, inflation, structural changes, business cycle, new economy, recession, economic imbalance, asset prices, cyclical indicators, countercyclical policy