Forecasting Financial and Economic Cycles (Wiley Finance)

forecasting financial and economic cycles (wiley finance)

Forecasting Financial and Economic Cycles (Wiley Finance)

Editorial Reviews
Book Description
Gain the knowledge and skills that can help you exploit instability. Forecasting Financial and Economic Cycles No book can help you construct foolproof forecasting systems that will ensure you'll accurately predict economic turning points every time. But with Niemira and Klein's Forecasting Financial and Economic Cycles on hand, you'll be able to significantly strengthen your ability to measure, monitor, and forecast important fluctuations. Part history, it provides you with essential background material on the characteristics and causes of economic volatility. It offers accessible coverage of the classical business cycle, the five basic types of economic cycles as determined by leading economists, and evolving ideas on the forces driving instability-ranging from simple unicausal theories, more complex Keynesian theory, to new classical macroeconomics. In addition, its concise review of America's economic past highlights the lessons that can be learned from the various cycles experienced since shortly before World War II. Part handbook, Forecasting Financial and Economic Cycles presents the full spectrum of statistical techniques used to measure cycles, trends, seasonal patterns, and other vital changes, offering you step-by-step guidance on applying a specific method and detailing its uses and limitations. It goes on to show how you can adapt particular techniques to assess, track, and predict:

Industry cycles-including an objective, tailor-made forecasting tool
Regional business cycles-including a survey of regional indicators
International business cycles-with an international business cycle chronology
Inflation cycles-plus "12 little-known facts" about this complex cycle
Financial cycles-covering credit, monetary, and interest rate cycles
Stock market cycles-with advice on achieving more disciplined trading

Based on outstanding scholarship and years of practical experience, Forecasting Financial and Economic Cycles will serve as an invaluable tool for practitioners like you whose decision-making-and profit margin-depend on accurately assessing today's often uncertain economic climate. "Forecasting Financial and Economic Cycles provides a lively survey of the many ways that cyclical economic activity has been dissected and analyzed. With this book, an astute reader may even be able to anticipate the next cyclical turn." -Samuel D. Kahan Chief Economist Fuji Securities, Inc. "The definitive book on the most important and enduring feature of an often mist-bound economic landscape: the business cycle." -Alfred L. Malabre, Jr. Economics Editor The Wall Street Journal "Niemira and Klein cover both the theory of economic cycles and methods for forecasting them. They provide one of the most comprehensive and current reviews of academic studies of economic cycles to be found anywhere." -Anthony F. Herbst Professor of Finance The University of Texas at El Paso "This book succeeds as a comprehensive, balanced, and accessible treatment of fluctuations in economic and financial activity. It should prove useful to all those in industry and finance who wish to understand and analyze the trends and changes in the modern dynamic economy." -Victor Zarnowitz Professor Emeritus of Economics and Finance University of Chicago

The publisher, John Wiley & Sons
An easy-to-understand, comprehensive reference on the rhythm of business activity. Fully discusses a variety of economic and business cycles and explains their fluctuations. Details many specific theories such as The Fixed Investment Cycle and The Kuznets Cycle. Covers U.S. business cycle theory from pre-World War II on to clarify today's economy and the likelihood of repetitive events. Includes scores of examples, techniques and simple charts and graphs to illustrate complicated trend models.

Forecasting Financial and Economic Cycles (Wiley Finance)

Forecasting Financial and Economic Cycles (Wiley Finance),Michael P. Niemira,Philip A. Klein,Wiley,0471845442,1918-1945,Business & Economics,Business / Economics / Finance,Business Cycles,Business/Economics,Economic Forecasting,Economic conditions,Economics - Microeconomics,Investments & Securities - Stocks,United States,Business & Economics / Microeconomics,Microeconomics

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