The Leading Economic Indicators and Business Cycles in the United States: 100 Years of Empirical Evidence and the Opportunities for the Future

This book provides empirical guidance to the economy and explores time series forecasting and economic cycles, which are useful for predicting business cycles.

Format: Paperback / softback
Length: 650 pages
Publication date: 07 July 2023
Publisher: Springer Nature Switzerland AG

In the face of unprecedented economic uncertainty, this comprehensive book offers invaluable guidance to both economists and policymakers alike. It begins by tracing the historical development of key economic indicators and business cycles, spanning from the pioneering work of Wesley Clair Mitchell (1913) to the influential contributions of Burns and Mitchell (1946), Moore (1961), and Zarnowitz (1992). Through an in-depth exploration of time series forecasting and economic cycles, maintained and enhanced by The Conference Board, this book sheds light on the intricate relationships between these variables and their profound impact on the economy.

Given the significant statistical correlation between GDP and unemployment rates, these relationships hold immense value for practitioners seeking to predict business cycles. By delving into the historical patterns and mechanisms governing economic fluctuations, this book equips readers with the tools and insights necessary to navigate the complex terrain of economic uncertainty and make informed decisions.

Whether you are an economist, business professional, or simply interested in understanding the intricacies of the global economy, this book is a must-read for anyone seeking to gain a deeper understanding of the current economic landscape and what lies ahead.

Dimension: 235 x 155 (mm)
ISBN-13: 9783030994204
Edition number: 1st ed. 2022