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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 more recent rational expectation and real business cycle theories. He also measures trends and cycles in economic activity; evaluates the performance of leading indicators and their composite measures; surveys forecasting tools and performance of business and academic economists; discusses historical changes in the nature and sources of business cycles; and analyzes how successfully forecasting firms and economists predict such key economic variables as interest rates and inflation.
Originally published in 1979. Decision makers at all levels need sufficiently detailed information on regional economic structure in order to undertake consistent and comprehensive regional planning. A means is put forward here, elevating the impracticable regional input-output method, to that of an operational planning technique. This development represents a system which facilitates the examination both of the economic structure of individual regions in reasonable detail, and of the regional structure of the state economy. The technique, termed the Generation of Regional Input-Output Tables (GRIT), is designed for general use in the production of regional input-output tables, and other data sources contributing towards the holistic accuracy of the table, thereby providing accurate maximisation of input-output tables within a given budget constraint.