经济周期

Economic cycle is the alternant phenomenon with the economic dilate in showing economy develops a process and constrictive economy.

经济周期是指经济发展过程中的经济扩张与经济紧缩的交替现象。

Our country economy is in 1 996 -1 997 year bottom of adjacent and fluctuant cereal, new wave motion of cycle of round of economy has been in by cereal on long end begin, economy of the our country in epicycle economic fluctuation approachs the likelihood long-term stable state balanced contrail, progress of our country economy had entered bear before the important period after opening.

我国经济在 1 996 -1 997年接近波动谷底，新一轮经济周期波动已经在谷底长尾上开始，本轮经济波动中我国经济将可能接近长期稳态均衡轨迹，我国经济发展已经进入了一个承前启后的重要时期。

Therefor,international exchange of risk between demestic and foreign financial sectors,i.e.the former exporting safe capital by holding official foreign exchange reserves while importing risky capital through direct foreign investment,is the key to economic growth.

本文的另一个重要结论是，中国经济的增长和波动是统一的。尽管其中的机制有别于真实经济周期理论，但是，"中性"依然应该作为宏观经济政策的基本出发点。

The economic cycle adjusts economic operation through market self-improvement in order to realize economic equilibrium.

经济周期是市场经济条件下一种固有的现象，它通过市场的自我完善功能对经济进行调节，以达到经济活动的均衡。

Economic cycle is the has the law dilate that the overall trend place that economic activity grows along economy experiences and systole.

经济周期就是经济活动沿着经济发展的总体趋势所经历的有规律的扩张和收缩。

In the course of economic development, it is relative to make a balance, but is absolute to be an unbalance.

在经济发展过程中，平衡是相对的，不平衡是绝对的，这种不平衡性表现为经济发展过程中的波动性，即经济周期或经济循环。

By qualitative and quantitative analysis between stock markets price and macroeconomic variables that is GDP, inflation, money supply, interest rate and exchange rate, we conclude that these variables provides a benign long-run equilibrium relation with stock price, however there is a deviation interaction between stock price and macroeconomic variables during 2000 and 2003.except that we also analysis the interrelation between deposit, investment, consumption and stock price emphatically, and farther conclude those promotable interaction.

通过经济周期和宏观经济变量：国内生产总值、通货膨胀、货币供应量、利率和汇率，与股票价格的定性理论分析和定量的线性相关、回归方程分析，得出了在1991年至2002年期间我国股市价格与宏观经济相互促进、2000年至2003年股市价格与宏观经济相背离的结论。除此之外，本文还分析了股市价格与储蓄、投资和消费的关系，进一步说明了股市与储蓄、投资和消费的相互促进关系。

Centaline chairman Shih said : real estate cycles and economic cycles, will continue for a long time.

中原地产董事长施永青认为：房地产周期和经济周期一样，会持续很长时间。

Enter new century however, american economy grows in the abidance that experienced 8 years many hind, fail to cast off the rule of economic cycle eventually, economy grows speed rein in.

然而进入新世纪，美国的经济在经历了八年多的持续增长后，终于未能摆脱经济周期的规律，经济增长速度放慢。

Summary: meaning of economic cycle, classification of economic cycle.

概述：经济周期的含义，经济周期的分类。

The split between the two groups can hardly be papered over.

这两个团体间的分歧难以掩饰。

This approach not only encourages a greater number of responses, but minimizes the likelihood of stale groupthink.

这种做法不仅鼓励了更多的反应，而且减少跟风的可能性。