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Leading Economic Indicators: New Approaches and Forecasting Records

Paperback / softback

Main Details

Title Leading Economic Indicators: New Approaches and Forecasting Records
Authors and Contributors      Edited by Kajal Lahiri
Edited by Geoffrey H. Moore
Physical Properties
Format:Paperback / softback
Pages:484
Dimensions(mm): Height 229,Width 152
Category/GenreMacroeconomics
Economic forecasting
ISBN/Barcode 9780521438582
ClassificationsDewey:330.0112
Audience
Professional & Vocational
Illustrations 75 Tables, unspecified; 71 Line drawings, unspecified

Publishing Details

Publisher Cambridge University Press
Imprint Cambridge University Press
Publication Date 30 October 1992
Publication Country United Kingdom

Description

Developed fifty years ago by the National Bureau of Economic Research, the analytic methods of business cycles and economic indicators enable economists to forecast economic trends by examining the repetitive sequences that occur in business cycles. The methodology has proven to be an inexpensive and useful tool that is now used extensively throughout the world. In recent years, however, significant new developments have emerged in the field of business cycles and economic indicators. This volume contains twenty-two articles by international experts who are working with new and innovative approaches to indicator research. They cover advances in three broad areas of research: the use of new developments in economic theory and time-series analysis to rationalize existing systems of indicators; more appropriate methods to evaluate the forecasting records of leading indicators, particularly of turning point probability; and the development of new indicators.

Reviews

"The different chapters of this book provide a cross section of recent researches and developments in the field of business cycles and forecasting. The book is likely to be of interest for forecasters in government and business as well as for researchers in economics, business management, econometrics and statistics." R.K. Mathur, Journal of Educational Planning and Administration "...an excellent review of the current state of research into leading indicators. While the evidence presented concerns the US economy (with the exception of a couple of papers on Australia), the message that surveys and patterns in data can help in forecasting, has a much wider application and needs to be taken seriously by economic modellers." Kenneth Holden, International Journal of Forecasting