Stylized facts of the economic cycles and the need for countercyclical macroeconomic policy

Expansions and contractions in economic cycles, the reasons for their creation and how
their behaviors are the subject of extensive analysis and observations of many
economists and the economic authorities worldwide. The areas of this interest have
justification in the definition of countercyclical macroeconomic policies in national
economies. This paper, starting from the method of comparative analysis, induction and
deduction and sinetetical scientific method, aims at defining economic cycles and to
point out the stylized actual knowledge of them, offering measures to reduce the
duration and intensity of their amplitudes, for the purpose of sustainable economic
growth and development.
Key words: economic authorities, national economies, factual knowledge, amplitudes,
sustainable economic growth and development.