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Business cycles.
March 22, 1989... Business Cycles(1)
While many readers of the popular press are familiar with such terms as "recession" and "expansion," few are likely to know that these downs and ups in the economy have been the subject of research at the NBER for nearly...
Indexes of coincident and leading economic indicators.
March 22, 1989... Indexes of Coincident and Leading Economic Indicators(1)
For 50 years, economists in business and government have used the system of leading economic indicators to gauge the future course of economic activity. The system of leading,...
Asset-price expectations.
March 22, 1989... Asset-Price Expectations
Most investors know that excess returns on stocks, bonds, and exchange rates are largely unpredictable. Rationally, they realize that if an asset were widely perceived to be cheap, it would not remain cheap for very...
The seasonal cycle and the business cycle.
March 22, 1989... The Seasonal Cycle and the Business Cycle
Most recent research on macroeconomic fluctuations ignores the seasonal variation in the economy by working with seasonally adjusted or annual data. There are several reasons why this approach may be...
First quarter 1989. (Economic Outlook Survey)
March 22, 1989... First Quarter 1989
According to the March survey of 17 professional forecasters taken by the NBER and the American Statistical Association, there was strong growth in real GNP over the first quarter of 1989. This will be followed by...