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Macroeconomic patterns and stories : a guide for MBAs
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Macroeconomic patterns and stories : a guide for MBAs

Author: Edward E Leamer
Publisher: Berlin : Springer, 2008.
Edition/Format:   Book : English
Summary:
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 economy. Edward Leamer argues that "We are pattern-seeking story-telling animals." He provides in this book the patterns  Read more...
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Details

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  Read more...

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