Financial indicators such as yield curves and stock prices have been extensively used as leading indicators of economic activity due to their forward looking content. Indeed, the Leading Economic Index (LEI) for the United States, a widely used forecasting tool for business cycle turning points,...

This volume presents the most complete collection available of the work of Victor Zarnowitz, a leader in the study of business cycles, growth, inflation, and forecasting..With characteristic insight, Zarnowitz examines theories of the business cycle, including Keynesian and monetary theories and...