Howard Marks In the complex world of economics, business cycles are the rhythmic heartbeat of market economies, characterized ...

This groundbreaking book explains the new business cycle theory. Instead of looking for exogenous shocks as causes of business cycles, we focus on the power law that causes the synchronized behavior ...

One critical yet often overlooked aspect is the understanding and capturing of business cycles. These cycles—characterised by periods of expansion, peak, contraction, and recovery—play a ...