Policymakers and business practitioners are eager to gain access to reliable information on the state of the economy for timely decision making. More so now than ever. Traditional economic indicators have been criticized for delayed reporting, out-of-date methodology, and neglecting some aspects of the economy. Recent advances in economic theory, econometrics, and information technology have fueled research in building broader, more accurate, and higher-frequency economic indicators. This volume contains contributions from a group of prominent economists who address alternative economic indicators, including indicators in the financial market, indicators for business cycles, and indicators of economic uncertainty.
Download Full Text (10.3 MB)
Download 1. Alternative Economic Indicators / C. James Hueng (335 KB)
Download 2. Getting It Wrong: How Faulty Monetary Statistics Undermine the Fed, the Financial System, and the Economy / William A. Barnett and Kun He (1.8 MB)
Download 3. A Closer Look at the Chicago Fed’s Activity Indexes / Scott A. Brave (617 KB)
Download 4. Nowcasting the Great Recession / Domenico Giannone, Eric Qian, Argia Sbordone, Mihir Trivedi, and Patrick Adams (635 KB)
Download 5. Real-Time Measurement of Business Conditions, Macroeconomic Surprises, and Uncertainty: Is a Recession Looming? / Alessandro Barbarino and Chiara Scotti (788 KB)
Download 6. Rising Policy Uncertainty / Steven J. Davis (792 KB)
Download 7. Measuring Economies from Space / Adam Storeygard (1.1 MB)
LABOR MARKET ISSUES
Hueng, C. James, ed. 2020. Alternative Economic Indicators. Kalamazoo, MI: W.E. Upjohn Institute for Employment Research. https://doi.org/10.17848/9780880996778
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-Share Alike 4.0 International License.