Analysing Modern Business Cycles: Essays Honoring Geoffrey H.Moore

ISBN-13: 9780873325257 / Angielski / Twarda / 1990 / 242 str.

Philip A. Klein

Opis

This Festschrift honours Geoffrey H. Moore's life-long contribution to the study of business cycles. After some analysts had concluded that business cycles were dead, renewed economic turbulence in the 1970s and 1980s brought new life to the subject. The study of business cycles now encompasses the global economic system, and this work aims to push back the frontiers of knowledge.

Spis treści

Charts, Tables, Forewords, Acknowledgments, I. Introduction, 1. Geoffrey H. Moore and His Impact on Modern Business Cycle Research, 2. Plan of the Book, II. Analyzing Business Cycles Today, 3. Understanding Business Cycles Today: A Critical Review of Theory and Fact, III. Current Assessment of Cyclical Indicators, 4. Why Some of the Leading Indicators Lead, 5. Business Cycle Surveys: A New Quality in Economic Statistics, 6. The Leading Indicators and Monetary Aggregates, 7. Cyclical Indicators in Econometric Models, IV. The Usefulness of Indicators in Economic Forecasting, 8. Forecasting Turning Points in the Stock Market Cycle and Asset Allocation Implications, 9. The Future Lies Ahead, 10. The Accuracy of Macroeconomic Forecasts, V. Cyclical Indicators and Their Applications: Current Methodological Issues, 11. Major Macroeconomic Variables and Leading Indexes: Some Estimates of Their Interrelations, 12. A Reassessment of Composite Indexes, 13. Long-Leading Index, 1919-1988, VI. Recent Business Cycle Research: Implications for Theory and Policy, 14. The Long-Run Efficacy of Efforts to Mitigate Downturns, 15. Diminished Unit Labor Cost Pressures: Importance for Methuselah Expansion, 16. The 1987 Stock Market Crash and the Wealth Effect, 17. Entrepreneurial Confidence and Money Illusion, 18. Cyclical Effects of International Transmission of Real and Monetary Disturbances, 19. What's Natural About Unemployment?, Index, About the Contributors

O autorze

Phillip A. Klein