The Distortion Theory of Macroeconomic Forecasting : A Guide for Economists and Investors

The Distortion Theory of Macroeconomic Forecasting : A Guide for Economists and Investors

Editorial Reviews
Book Description
This book contends that central bank policy pits the Federal Reserve against consumers, creating business cycles and inflation. As the cycle progresses, the velocity of money starts to rise, complicating the central bank's problems. Ultimately, either a depression or a runaway inflation develops. The gold standard would not alter patterns of supply and demand and would prevent business cycles and inflation. This is a challenging, provocative guide for investment professionals and corporate economists.

About the Author
STEVEN MARQUARD is President of Smilodom Financial Consulting, Berkeley, California, and holds an MBA in Applied Economics from the University of California, Berkeley.

The Distortion Theory of Macroeconomic Forecasting : A Guide for Economists and Investors,Steven Marquard,Quorum Books,0899309100,Business / Economics / Finance,Business cycles,Business/Economics,Economic forecasting,Economics - Macroeconomics,Finance,Macroeconomics,Business & Economics / Finance

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Book Details

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