Nowcasting business cycles using transportation index
Nowcasting business cycles using transportation index

Author(s): Andrius Guzavičius, Vytas Barkauskas, Vidas Tamulis
Subject(s): Business Economy / Management, Economic policy, Financial Markets
Published by: Masarykova univerzita nakladatelství
Keywords: market driven economy; business cycle; nowcasting; transportation sector;
Summary/Abstract: Today's relationship between financial market and real economy is one of the main topic in scientific debate in the field of many different approaches. It is practically impossible separate economics science from others disciplines, like psychology, human behavior, philosophy, ethic and etc. Financial markets after losing the Gold standard in 1970 exploited to enormous amount, very active monetary policy in USA, EU and Japan last few years made the situation even more complicated. Some economist see current situation in financial markets as normal, their argument is that expansive monetary policy increasing liquidity in financial market and provide efficient recourse allocation in real economy.

• Details
• Contents