Macroeconomic Patterns and Stories
This book offers the wisdom and insight regarding the US economy from a well-known and distinguished econometrician who found himself first teaching macro economics to MBAs and then Directing the highly-regarded and widely-quoted UCLA/Anderson Forecast which provides quarterly forecasts for the US e...
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| Format: | Electronic |
| Language: | English |
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Berlin, Heidelberg :
Springer Berlin Heidelberg,
2009.
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| Online Access: | https://ezaccess.library.uitm.edu.my/login?url=http://dx.doi.org/10.1007/978-3-540-46389-4 |
Table of Contents:
- Part I: Introduction: Introduction: Turning Numbers into Knowledge
- Part II: Four Key Variables: Growth, Unemployment, Inflation and Interest Rates: Cross Domestic Product
- The Components of GDP: C+I+G+X-M
- Employment and Unemployment
- Inflation and Interest Rates
- Extrapolative Forecasting
- Part III: Recessions: Symptoms: Recession Symptoms: Unwanted Idleness
- Recession Comparison Charts
- Who Struggles and Who Does Well in a Downturn?- Stories: Idleness Stories
- Cycle Stories
- Early Warning Signs: Clues
- Episodic Forecasting with Components of the Conference Board Index of Leading Indicators. Causes: The Art of Drawing Causal Inferences from Non-experimental Data
- A Search for Recession Causes. Part IV Expansions: With and Without Spurts: The Life Cycle of US Expansions: Sputters and Spurts. Part V: The Longer Run: Savings, Investment, Government Borrowing, Foreign Lending and Your Home: Savings and Investment
- Government Deficits Are Your Responsibility
- The External Deficit and the Value of the Dollar
- The Ups and Downs of Real Estate Values.