We are bombarded with economic numbers: unemployment, retail sales, inflation, GDP but how can we put these economic numbers into perspective so as to understand underlying trends and policymaking? This book explains the overall logic of the data: how each piece of the puzzle contributes to our understanding of the overall economy, this is how the Fed looks at the numbers. Other books go through the economic numbers, but in a "bottom-up" fashion: describing a series in some detail and adding something about how financial markets may respond to it. This book has considerable discussion of the series but views them as part of the overall mosaic, not items of fundamental interest in themselves.
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Charles Steindel is Scholar in Residence at the Anisfield School of Business, Ramapo College of New Jersey, USA, and is also editor of Business Economics, the journal of the National Association for Business Economics. He was formerly Chief Economist of the New Jersey Department of the Treasury and earlier, Senior Vice President at the Federal Reserve Bank of New York, where he long played a leading role in the analysis and forecasts of the US economy.
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