Macroeconomic Patterns and Stories

ISBN-10: 3540463887

ISBN-13: 9783540463887

Edition: 2009

Authors: Edward E. Leamer

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Description:

This book offers the wisdom and insight regarding the US economy. It provides the patterns and stories that are the basis for his understanding of what determines the business cycle and what determines long-run economic growth.
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Book details

List price: $99.00
Copyright year: 2009
Publisher: Springer
Publication date: 11/19/2008
Binding: Hardcover
Pages: 360
Size: 6.00" wide x 9.00" long x 1.00" tall
Weight: 1.716
Language: English

Edward E. Leamer is Chauncey J. Medberry Professor of Management, Professor of Economics, and Professor of Statistics at the University of California, Los Angeles. He is the author Macroeconomic Patterns and Stories and other books.

Introduction
Introduction
Turning Numbers into Knowledge
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
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
Expansions
With and Without Spurts
The Life Cycle of US Expansions
Sputters and Spurts
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
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