Analyzing Modern Business Cycles: Essays Honoring Geoffrey H. Moore Analyzing Modern Business Cycles: Essays Honoring Geoffrey H. Moore
By Philip Klein
2002/08 - Beard Books
1587981246 - Paperback - Reprint -  328  pp.

Interesting and informative reading for all students of economics and business and for anyone fascinated with the twists and turns of economic cycles in the business world.

Publisher Comments

Categories: Banking and Finance

This title is part of the Smart Management list.

This impressive book is a collection of essays written in honor of Geoffrey H. Moore, Director of Research at the Bureau of Economic Research, on the occasion of his 75th birthday. The essays represent a wide variety of subjects dealing with the vicissitudes of business cycles by a stellar group of economists who were influenced by Moore's analysis of business cycles. Many of the essays deal with specific types of forecasting problems; some consider ways in which indicators and indicator systems can be improved; and others illustrate how indicators and indicator systems can be applied to a representative group of theoretical and policy problems.

No book reviews available.

Philip A. Klein is Professor Emeritus of Economics; Senior Research Scholar - Economic Cycle Research Institute at Penn State University in State College, PA. He has been a professor at Penn State since 1955 and has published numerous articles, papers, and other publications. He received his Ph.D. in 1958 from the University of California, Berkeley.

Charts ix
Tables xiii
   Solomon Fabricant xvii
   Gottfried Haberler xxi
Acknowledgments xxiii
I. Introduction
1. Geoffrey H. Moore and His Impact on Modern Business Cycle Research 3
Philip A. Klein
2. Plan of the Book 9
Philip A. Klein
II. Analyzing Business Cycles Today
3. Understanding Business Cycles Today: A Critical Review of Theory and Fact 25
Ernst A. Boehm
III. Current Assessment of Cyclical Indicators
4. Why Some of the Leading Indicators Lead 59
Joel Popkin
5. Business Cycle Surveys: A New Quality in Economic Statistics 69
Werner H. Strigel
6. The Leading Indicators and Monetary Aggregates 85
Phillip Cagan
7. Cyclical Indicators in Econometric Models 97
Lawrence R. Klein
IV. The Usefulness of Indicators in Economic Forecasting
8. Forecasting Turning Points in the Stock Market Cycle and Asset Allocation Implications 109
Michael P. Niemira
9. The Future Lies Ahead 128
Edgar R. Fiedler
10. The Accuracy of Macroeconomic Forecasts 143
Stephen K. McNees
V. Cyclical Indicators and Their Applications:  Current Methodological Issues
11. Major Macroeconomic Variables and Leading Indexes: Some Estimates of Their Interrelations 177
Victor Zarnowitz and Phillip Braun
12. A Reassessment of Composite Indexes 206
Charlotte Boschan and Anirvan Banerji
13. Long-Leading Index, 1919-1988 226
Chantal Dubrin and Jean Maltz
VI. Recent Business Cycle Research: Implications for Theory and Policy
14. The Long-Run Efficacy of Efforts to Mitigate Downturns 231
Alfred Malabre, Jr.
15. Diminished Unit Labor Cost Pressures: Importance for Methusetah Expansion 238
John P. Cullity
16. The 1987 Stock Market Crash and the Wealth Effect 249
Phillip Cagan
17. Entrepreneurial Confidence and Money Illusion 261
Philip A. Klein
18. Cyclical Effects of International Transmission of Real and Monetary Disturbances 275
Anna J. Schwarts and Michael D. Bordo
19. What's Natural About Unemployment 293
Philip A. Klein
Index 303
About the Contributors 323

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