Construct · 1 fields · 2 citations

bust: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
bust1 CONSTRUCTEconomic bustBURNS-MITCHELL · SLUMP

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Economics

The contraction phase of a boom–bust cycle

In economics a bust is the downturn that follows a boom, the contraction phase of a business or credit cycle, when inflated prices or activity collapse. Burns and Mitchell's Measuring business cycles established how expansions and contractions are dated, and Kindleberger and Aliber's Manias, panics and crashes traces the speculative boom that precedes and triggers the bust. The referent is a phase of macroeconomic contraction, measured by falling output, employment, and asset prices, not a card hand or a sculpture.[1][2]

Unit
The depth and duration of the contraction phase of a cycle
Recovery means
Recovery is the subsequent expansion phase, when output, employment, and prices turn back up
Measured by
Dated and sized by declines in output, employment, and asset prices across the contraction

Next

Run it through the Collider, or take the citations with you.

See how bust sits against neighbouring constructs in the Collider, or export every reference on this page in one click.

Open in ColliderExport BibTeXReport this entry

Nearby constructs

asset2 fields · 2 citationsjingle · one word, two constructsattribution3 fields · 6 citationsjingle · one word, three constructs

References

  1. Burns, A. F., & Mitchell, W. C. (1946). Measuring business cycles. National Bureau of Economic Research. ISBN 9780870140853
  2. Kindleberger, C. P., & Aliber, R. Z. (2011). Manias, panics and crashes: A history of financial crises (6th ed.). Palgrave Macmillan. ISBN 9780230365353

Cited on this page?

Confirm your construct, or correct us.

If your work is cited behind one of these entries, you know better than we do whether we captured the meaning right. Confirm it, suggest an edit, or dispute it, and your name goes on the entry as an author who has checked it, linked to your ORCID.

Claim your construct