Publisher's Synopsis
By explaining how, by how much, and why economies fluctuate during different stages of the business cycle, Economic Fluctuations and Forecasting teaches students how to use, interpret, and make macroeconomic forecasts while showing them the advantages and shortcomings of various forecasting methods. Su reviews the procedures used to construct econometric models and their general applications, such as sensitivity studies and policy simulations, with an emphasis on empirical evidence. Su also examines the part played historically by business cycles in the U.S. and the different theories that explain these cycles.
