Koenig, Evan F.; Emery, Kenneth M. - In: Economic and Financial Policy Review (1991) Jul, pp. 1-14
The U.S. Department of Commerce composite index of leading indicators (CLI) is a widely cited and influential economic series. In this article, Evan F. Koenig and Kenneth M. Emery examine how well movements in the CLI predict business-cycle turning points. Using data that actually would have...