Handbook of Survey-Based Business Cycle Analysis

This Handbook aims to provide an overview of regular survey activities, as well as to show how survey results can be used scientifically in the context of business-cycle analysis and forecasting. Examples of various business surveys are described in detail, starting with their objectives, the questions they pose, how they are weighted and extrapolated and the representativeness of their results. A detailed scientific examination of the explanatory value of the data is also made in order to demonstrate their potential usefulness. The Handbook has three parts: firstly, it presents the importance of business surveys for empirical research. Secondly, selected surveys are introduced in detail such as the Ifo Business Survey and the Ifo Investment Survey, and thirdly, a broad spectrum of studies - on the consequence of the survey results - are presented. The significance of the surveys applies equally to business cycle analysis and to forecasting. An array of modern methods of time series analysis and econometric model construction is used in these investigations. This book will be of interest to an audience comprising members of institutions conducting business surveys, scientists using survey results to analyze and forecast business cycles, and students of empirical economic research.