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What Drives Business Cycles?, No. 25-37

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What Drives Business Cycles?, No. 25-37

DATE: October 2025

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ABSTRACT:

A central goal in economics is to understand the main drivers of the business cycle. Knowledge of these key disturbances and their propagation allows economists to better predict how recessions and expansions are likely to evolve, providing a crucial guide for policymakers.

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Federal Reserve Bank of Richmond. "What Drives Business Cycles?, No. 25-37," Economic Brief (October 2025). https://fraser.stlouisfed.org/title/6034/item/707389, accessed on December 3, 2025.

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