Gain the knowledge and skills that can help you exploitinstability. Forecasting Financial and Economic Cycles No book canhelp you construct foolproof forecasting systems that will ensureyou'll accurately predict economic turning points every time. Butwith Niemira and Klein's Forecasting Financial and Economic Cycleson hand, you'll be able to significantly strengthen your ability tomeasure, monitor, and forecast important fluctuations. Parthistory, it provides you with essential background material on thecharacteristics and causes of economic volatility. It offersaccessible coverage of the classical business cycle, the five basictypes of economic cycles as determined by leading economists, andevolving ideas on the forces driving instability--ranging fromsimple unicausal theories, more complex Keynesian theory, to newclassical macroeconomics. In addition, its concise review ofAmerica's economic past highlights the lessons that can be learnedfrom the various cycles experienced since shortly before World WarII. Part handbook, Forecasting Financial and Economic Cyclespresents the full spectrum of statistical techniques used tomeasure cycles, trends, seasonal patterns, and other vital changes,offering you step-by-step guidance on applying a specific methodand detailing its uses and limitations. It goes on to show how youcan adapt particular techniques to assess, track, andpredict: * Industry cycles--including an objective, tailor-made forecastingtool * Regional business cycles--including a survey of regionalindicators * International business cycles--with an international businesscycle chronology * Inflation cycles--plus "12 little-known facts" about this complexcycle * Financial cycles--covering credit, monetary, and interest ratecycles * Stock market cycles--with advice on achieving more disciplinedtrading Based on outstanding scholarship and years of practical experience,Forecasting Financial and Economic Cycles will serve as aninvaluable tool for practitioners like you whosedecision-making--and profit margin--depend on accurately assessingtoday's often uncertain economic climate. "Forecasting Financialand Economic Cycles provides a lively survey of the many ways thatcyclical economic activity has been dissected and analyzed. Withthis book, an astute reader may even be able to anticipate the nextcyclical turn." --Samuel D. Kahan Chief Economist Fuji Securities,Inc. "The definitive book on the most important and enduringfeature of an often mist-bound economic landscape: the businesscycle." --Alfred L. Malabre, Jr. Economics Editor The Wall StreetJournal "Niemira and Klein cover both the theory of economic cyclesand methods for forecasting them. They provide one of the mostcomprehensive and current reviews of academic studies of economiccycles to be found anywhere." --Anthony F. Herbst Professor ofFinance The University of Texas at El Paso "This book succeeds as acomprehensive, balanced, and accessible treatment of fluctuationsin economic and financial activity. It should prove useful to allthose in industry and finance who wish to understand and analyzethe trends and changes in the modern dynamic economy." --VictorZarnowitz Professor Emeritus of Economics and Finance University ofChicago

Forecasting Financial and Economic Cycles

Business & Money

Niemira, Michael P.

Klein, Philip A.

Economics

wiley

Practical Macroeconomics for Non-Economists: A Question-and-Answer Approach

Routledge

Practical Macroeconomics for Non-Economists provides the tools, the theory, and the empirical understanding of macroeconomics without the heavy lifting of the mathematical and econometric models. This accessible book introduces the building blocks of macroeconomic thinking and challenges the reader to apply these insights to learn why economists say what they do and what guides economic policymakers. Linking actual data to theoretical concepts, it explores competing economic theories, and uncovers some of the key controversies in macroeconomic theory and how different perspectives lead to alternative and vastly different policy recommendations. Key features include: * Coverage of all the key macroeconomic topics, such as GDP, inflation, unemployment, output and productivity, business cycles, aggregate demand/supply, and fiscal and monetary policy. * Question-and-answer format, covering the foundations of each topic in a logical progression, to provide the reader with a quick reference and more focused discussion. * "Advanced questions" to encourage deeper discussion. * Start-of-chapter learning objectives, which allow the reader to "see" the road ahead for each section. * End-of-chapter "Issues to think about" boxed features, which offer the reader an opportunity to apply critical thinking to the issues covered. * Resource manual and PowerPoints for instructors. Practical Macroeconomics for Non-Economists is the ideal textbook for anyone looking for a practical and non-technical introduction to the subject.

Practical Macroeconomics for Non-Economists

In today's ever-changing economy, the impact of economic indicators and economic policy has never been greater. Every economic indicator tells a story, the trader and investor must quickly decipher the story and take decisive action. Trading the Fundamentals - The Trader's Complete Guide to Interpreting Economic Indicators and Monetary Policy explains the significance, viability, and market impact of 23 of the most widely followed economic indicators. Michael P. Niemira and Gerald F. Zukowski, two top Wall Street economists examine and explain how each indicator behaves through every phase of the business cycle. If you hope to trade or invest profitably, you must understand how these fundamental indicators drive the financial markets. The authors also explain the Federal Reserve's effect on financial markets, from the decisions of the Federal Reserve Board to the implementation of monetary policy by the Federal Open Market Committee. Key signals to interpreting monetary policy changes are carefully outlined. A framework of the U.S. Treasury's debt management techniques and issuance also is included. Specific topics include: analyzing business conditions from market perspective, determining the significance of and market reaction to economic views, the reliability and limits of each indicator, the relationships between various indicators and Federal Reserve policy, and understanding how U.S. monetary policy conducted. Trading the Fundamentals offers a Wall Street perspective on using economic information for trading and investment decisions.

Trading the Fundamentals: The Trader's Complete Guide to Interpreting Economic Indicators & Monetary Policy

Zukowski, Gerald F.

Probus Professional Pub

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Books by Niemira, Michael P.