Forecasting Financial and Economic Cycles

This study tracks the economic and business cycles that affect business performance worldwide. It combines global experience with easy-to-follow charts and graphs to describe in detail all of the cycles that affect business performance today. From industry, regional and industrial business cycles to financial, stock market and the often misunderstood inflation cycle, readers will learn such important new theories as the fixed investment cycle and the Kuznets cycle, and their roles in forecasting the future health of specific industries.

Author Biography

MICHAEL P. NIEMIRA is Vice President and Economist at Mitsubishi Bank in New York. Previously, he worked as an economist at Paine Webber, Chemical Bank, and Merrill Lynch. He regularly writes for Cycles, the magazine of the Foundation for the Study of Cycles. His earlier work on industry cycles earned him the National Association of Business Economists’ A.G. Abramson award for an “outstanding contribution to the professional literature in the field of business economics.”

PHILIP A. KLEIN is Professor of Economics at Pennsylvania State University and is an Associate Editor of the International Journal of Forecasting. He has consulted on business cycle indicators for OECD, the EEC, and the World Bank. He has written widely on business cycles and has worked for many years with Geoffrey H. Moore. He is a Research Associate at the Center for International Business Cycle Research at Columbia University.