Business Cycles and Forecasting

This balanced overview of business cycles and econometric forecasting examines both the leading indicators as well as standard econometric regression and correlation techniques. The authors emphasize the internal dynamics of cycle to help students truly understand how it works, covering Post Keynesian, neo-Marxian, and institutionalist approaches as well as the most orthodox theories. In addition, the text presents empirical description of the cycle using the descriptive method of the National Bureau of Economic Research.