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Measurement, Monitoring, and Forecasting Economic Cycles: BRICS Lessons

In: Business Cycles in BRICS

Author

Listed:
  • Sergey V. Smirnov

    (National Research University Higher School of Economics)

  • Ataman Ozyildirim

    (The Conference Board Inc.)

  • George Kershoff

    (Stellenbosch University)

Abstract

The current best practices in measuring, monitoring, and forecasting economic cycles are drawn from the experience of mature economies such as the USA, Japan, and several Western European countries. Meanwhile, there are a lot of peculiarities in emerging economies that should be kept in mind when developing a system for tracking and forecasting their short-run dynamics. In the literature, there have been numerous attempts to apply the international best practices to emerging economies, but these attempts have usually been sporadic. The experience of the BRICS economies accumulated in this book allows for a fresh look on the problem of the development and use of cyclical indicators and is potentially useful for other emerging countries.

Suggested Citation

  • Sergey V. Smirnov & Ataman Ozyildirim & George Kershoff, 2019. "Measurement, Monitoring, and Forecasting Economic Cycles: BRICS Lessons," Societies and Political Orders in Transition, in: Sergey Smirnov & Ataman Ozyildirim & Paulo Picchetti (ed.), Business Cycles in BRICS, pages 499-513, Springer.
    • Handle: RePEc:spr:socchp:978-3-319-90017-9_29
    DOI: 10.1007/978-3-319-90017-9_29
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