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Trading economics : a guide to the use of economic statistics for practitioners and students / Trevor Williams, Victoria Turton

Author
Williams, Trevor, 1957-
Published
Chichester, West Sussex : Wiley, 2014.
Physical Description
1 online resource (xx, 262 pages)
Additional Creators
Turton, Victoria, 1974-
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Contents
Machine generated contents note: 1.Surveys -- Surveys and Behavioural Economics -- Types of Survey -- Business Surveys -- Consumer Surveys -- Conclusion -- 2.Economic Growth -- Economic Growth Through the Ages -- GDP -- What Is GDP? -- Breaking Down GDP -- Why Is GDP Important? How Is It Measured? -- Index Numbers of GDP and the Price Deflators Used in Calculating Them -- Detailed Breakdown of the GDP Measures -- A Market Link -- Components of GDP -- Conclusion -- 3.Labour Markets -- Employment Trends -- What Has Driven the Change? -- Consequences for Economic Growth -- Phillips Curve Shows no Durable Trade-Off Exists -- NAIRU Matters More -- Employment Measures -- Why We Measure Unemployment -- The Nature of Unemployment -- The Impact of Demographics on Labour Markets -- Vacancies -- Changing Labour Patterns -- The UK in Comparison to Its Global Competitors -- How Do We Extract Value from This? -- Conclusion -- 4.Inflation -- What Is Inflation? -- The History of Inflation -- Causes of Inflation -- Earnings/Wage Inflation -- Price Basket -- How Is Price Inflation Measured? -- GDP Deflator -- Why so Many Measures of Inflation? -- A Focus on the CPI and RPI -- Why Is Inflation Important? -- Deflation -- Other Measures of Inflation Targeting -- How Can We Extract Value from This? -- Conclusion -- 5.Monetary Statistics -- Monetary Policy and Inflation Management -- The UK in a Global Context -- Central Bank's Role -- What About the Bank of England? -- How Monetary Policy Works in the UK -- Decomposition of Money -- Why Does Money Supply Matter? -- Why Is This Sort of Analysis Useful? -- A Brief History of Monetary Targeting -- How Do We Extract Value from This? -- Conclusion -- 6.Fiscal Indicators -- A Brief History of UK Fiscal Policy -- Measuring Government Debt -- Fiscal Policy Impact and Terminology -- The Impact of Government on Markets -- Fiscal Policy and Growth -- The Data We Should Consider -- Fiscal Policy in Boom and Bust -- Market Relevance -- Bank of England Regains Regulatory Powers -- What Role Does the Office for Budget Responsibility Play in the Fiscal Policy Process? -- The Monetary Policy Committee -- Forward Guidance -- Another Bank Innovation -- The Debt Management Office's Role -- Comparison of International Debt -- Fiscal Targets Add Credibility to Debt Reduction -- How Can We Extract Value from This? -- Conclusion -- 7.Global Trade Statistics -- What Is a Country's Balance of Payments? -- Why Do We Measure the Balance of Payments? -- What Does It Mean? -- The Concept of the Balance of Payments -- UK Is Not Alone in Having a Trade Deficit -- A Chronic Goods Deficit -- A Chronic Services Surplus to Offset (Almost) the Trade Deficit -- The Ever-Changing Pattern of Visible and Invisible Trade -- Balance of Payments and GDP -- Shifting Trade Patterns -- How Can We Extract Value from This? -- Conclusion -- Conclusion -- Appendices -- Appendix 1 Surveys -- Appendix 2 Bank of England: Agents' Summary of Business Conditions (January 2014) -- Appendix 3 Inflation: Contributions to Change in the 12-Month Rate -- Appendix 4 Voting on Interest Rates by the Monetary Policy Committee -- 1997 to January 2014 -- Appendix 5 Voting on Asset Purchases Financed with central bank reserves by the Monetary Policy Committee -- March 2009 to January 2014.
Summary
"A practical guide to understanding how key economic and market statistics drive financial market trendsThe recent global financial crisis stressed the need for economists who understand how key economic and market statistics drive financial market trends and how to mitigate the risks for businesses that those trends affect. Trading Economics provides guidance for navigating key market figures in a convenient and practical format. Emphasizing the link between economic data and market movements, this book analyzes surveys, economic growth statistics, inflation, labor markets, international trade, monetary and fiscal indicators, and their relevance in financial markets. It bypasses complex terminology to offer a hands-on, accessible introduction to financial statistics and how to profit from them. Offers clear illustrations and an easy-to-read layout to teach you how to trade profitably in financial markets and minimizes risk for your business Written Trevor Williams and Victoria Turton, authoritative public figures with experience working on the New York Stock Exchange Includes a website featuring a blog and new surveys as they develop accompanies the book Complete with worked examples and updated information, Trading Economics is an essential, comprehensive guide to understanding every aspect of financial market trends and how to navigate them to your advantage"--
Subject(s)
Genre(s)
ISBN
9781118766316 (electronic bk.)
1118766318 (electronic bk.)
9781118766293 (electronic bk.)
1118766296 (electronic bk.)
9781118766415
1118766415
9781118766385 (ebk)
Note
Machine generated contents note: Acknowledgments Introduction 1. Surveys 2. Economic Growth 3. Labour Markets 4. Inflation 5. Monetary Statistics 6. Fiscal Indicators 7. Global Trade Statistics Conclusion Appendices (i) Example of CBI Industrial Trends Survey questions (ii) Bank of England Agents Summary (iii) Inflation basket (iv) MPC Voting records (v) Changes in the 12 month CPI rate Index .
AVAILABLE ONLINE TO AUTHORIZED PSU USERS.
Bibliography Note
Includes bibliographical references and index.
View MARC record | catkey: 12742944