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| Document Type: | Book |
|---|---|
| All Authors / Contributors: |
Edward E Leamer |
| ISBN: | 3540463887 9783540463887 |
| OCLC Number: | 473643723 |
| Description: | xvi, 359 s. : ill. ; 24 cm. |
| 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. |
| Responsibility: | by Edward E. Leamer. |
Abstract:
Seasoned US economist Edward Leamer argues here that "We are pattern-seeking story-telling animals." He provides in this book the patterns that are the basis for his understanding of what drives the business cycle and what determines long-run economic growth.
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