Business Cycle in the UK
Short run fluctuation, or business cycle, is one of the two fundamental topics in macroeconomics. Imagine you are invited by the Bank of England to a conference to deliver a talk on economic stabilisation policy in the UK. You are told to talk about the causes and effects of business cycles, and focus on the stabilisation policy to deal with economic fluctuations. In particular, is stabilisation policy effective? If so, how can you implement stabilisation policy?