Growth cycle signals as inflation indicators for major industrial nations

Geoffrey H. Moore & John P. Cullity
One of the issues of concern to forecasters is whether leading indicators of the real economy, which are now issued in many countries, have a bearing on the future of inflation. Doubtless a direct approach, which would involve the development of leading indicators specifically related to inflation, would be preferable. However, we are aware of only one such index currently available, the leading index of inflation compiled for the United States by the Center for...
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