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Measurement, Monitoring, and Forecasting Economic Cycles: BRICS Lessons

  • Sergey V. SmirnovEmail author
  • Ataman Ozyildirim
  • George Kershoff
Chapter
Part of the Societies and Political Orders in Transition book series (SOCPOT)

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.

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Copyright information

© Springer International Publishing AG, part of Springer Nature 2019

Authors and Affiliations

  • Sergey V. Smirnov
    • 1
    Email author
  • Ataman Ozyildirim
    • 2
  • George Kershoff
    • 3
  1. 1.National Research University Higher School of EconomicsMoscowRussia
  2. 2.The Conference Board Inc.New YorkUSA
  3. 3.Bureau for Economic Research (BER)Stellenbosch UniversityStellenboschSouth Africa

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