Part 1 Leading indicators: a leading indicator of equipment investment demand in the Italian economy, Paol Carnazza; a new look at promptly available leading indicators, John P. Cullity and Philip A. Klein; use of leading indicators in a model-based forecast, Henk Kranendonk and Cees Jansen; an update of OECD leading indicators, Gerald Petit, Gerard Salou, Pierre Beziz and Christopher Degain. Part 2 Timing of cyclical turning points: confidence and the macroeconomy - a Markov switching model, Roy Batchelor; an alternative method to predict the business cycle, Georg Goldrian and Birgit Lehn; the timing of M-shaped growth cycles of the German economy, Ernst Helmstadter; survey on the timing of cyclical turning points, Rudolf Marty and Bernd Schips. Part 3 Firm behaviour: inflation and asymmetric output adjustment - tests using business survey data, Robert A. Buckle and Jihn A. Carlson; production and price flexibility with stock adjustment - South African evidence from survey data, Daniel Marais, Eon Smit and Willie Conradie; productivity and prices - testing the relationship using micro data, Julian Peters; forecasting models for demand series of private firms - using survey results and dynamic method of econometrics, Kurt Stock; survey results relating to changes in the international competitiveness of Belgian manufacturing enterprises, Jean-Jacques Vanhaelen and Chantal Winter. Part 4 Financial indicators: the use of the interest-rate-investment relationship for business cycle forecast - the case of the South African economy, Lorraine Greylings and Gerhardus van Zyl; economic policies and business cycles in Germany, Willi Leibfritz and Alexander Juchems; an index of leading indicators on inflationary trends and the business cycle, Franz Seitz; term structure or money growth as leading indicator of inflation - an empirical analysis for Germany, Jurgen Wolters. Part 5 Economic policy recommendations: aggregate demand and economic growth - empirical evidence from business survey data, Marcella Corsi; post-unemployment wages - findings based on the Swiss labour force survey, Monica Curti; a time series and cross sectional analysis of consumer sentiment and its components, Detelina Ivanova and Kajal Lahiri; a microsimulstion approach for tax and social policy recommendations in the Federal republic of Germany, Gerhard Wagenhals. Part 6 Transition economies: why do the Russian enterprises hoard labour?, Sergei Aukutsionek and Rostislav Kapeliushnikov; business cycles in Poland, Zbigniew Matkowski. Part 7 Surveys covering the service sector: first results of the Ifo business survey in the data processing services sector in Western and Eastern Germany, Joachim Gurtler; construction of a confidence indicator for retail trade by the European Commission. (Part contents)
