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Macroeconomic patterns and stories: a guide for MBAs

By: Leamer, Edward E.
Material type: materialTypeLabelBookPublisher: Berlin Springer 2009Description: xvi, 359 p. Includes bibliographical references and index.ISBN: 9783642079757.Subject(s): Recessions | Recessions - Case studies | Macroeconomics | Macroeconomics - Case studies | United States - Economic conditionsDDC classification: 339 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 and stories that are the basis for his understanding of what determines the business cycle and what determines long-run economic growth. https://www.springer.com/in/book/9783540463887
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Books Vikram Sarabhai Library
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Slot 1042 (0 Floor, East Wing) Non-fiction 339 L3M2 (Browse shelf) Checked out Not for Issue 02/09/2019 199803

Table of contents:

1.Introduction : we are pattern-seeking, story-telling animals
2.Gross domestic product
3.The components of GDP : C + I + G + X - M
4.Employment
5.Inflation and interest rates
6. Extrapolative forecasting
7.Unwanted idleness : recessions and recoveries
8.Recession comparison charts
9.Who struggles and who does well in recessions?
10.Idleness stories
11.Cycle stories
12.Clues : temporal ordering of components of GDP
13.More clues : episodic forecasting with components of conference board's index of leading indicators
14.The art of drawing causal inferences from nonexperimental data
15.In search of recession causes
16.The life cycle of US expansions : sputters and spurts
17.Savings and investment
18.Government
19.The external deficit and the value of the dollar : Hu's in charge?
20.The ups and downs of real estate values.

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 and stories that are the basis for his understanding of what determines the business cycle and what determines long-run economic growth.

https://www.springer.com/in/book/9783540463887

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