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Class notes

Session 1 (from chap 1 to 8)

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All the notes for Session 1 Ch.1: Defining Business Cycles to Ch.8: Forecasting framework by Prof. Peter Navarro.

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  • November 30, 2022
  • 30
  • 2022/2023
  • Class notes
  • Moriconi
  • Session 1 (1-8)
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/ Defining
business
1
cycles
welfare itmpoyvent
Social Conditions


GDP
adjusted for inflation °

/
Reunion moon Growth

Éᵈ ☒
µ
expansion

tough
tend

papyri
Time

, US GDP has increased
from 1945
2005
.




↳ Red line

But we us are
yearly parent changes
has been
fluctuating .




STATE OF THE Business CYCLE



② How do we
define business
age
/ is ?


② What are the
leading economic indicator ?
What need them ? Can
do we
from you
mention ?
any

, 2/ Leading indicators

↳ Or macroeconomic variables


Definition
• It is an indicator hot tends to
anticipate or lead movements
along
the business
cycle .






Useful to
forecast short -
run
global
economic movements

Anticipate the
beginning of
downward
• a




the
movement
along cycle .




YIELD CURVES MARKET CAPITALISATION
WEIGHTED INDICES

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