Trading Economics by Williams, Trevor -- Read -- Imperial Library of Trantor

Index

Cover Series Titlepage Copyright Acknowledgements Introduction

Surprise Indices Mapping a New Landscape Note

1 Surveys

Surveys and Behavioural Economics Types of Survey Business Surveys Consumer Surveys Conclusion Notes

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 Notes

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 Notes

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 Notes

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 Notes

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 Notes

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 Notes

Conclusion

Be anchored to the data flow Some key points to take away Note

Appendices

Appendix 1 Surveys

CBI Industrial Trends Survey CBI Distributive Trades Survey Notes

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