"K\u013E\u00FA\u010Dik, Miroslav" . . "27510" . "K\u013E\u00FA\u010Dik, Miroslav" . "Rerepsentative firm\u2019s decisions and leading indicators" . . "S" . "2013-09-11+02:00"^^ . . . "[7EE1C981EEC4]" . . "Jihlava" . . "Jihlava" . "Leading indicators are potential carriers of signals of future changes in aggregate economic activity. They are mostly composed by means of empirical evidence found in development of aggregate time series. There is also a possibility to find their theoretical foundations by examining decisions of a representative firm in short run. The firm aims to minimize the producing costs for a given demand. The decisions involve change of employment, hours worked and stock of inventories according to the firm's expectations. The short run equilibrium is found by means of inter-temporal optimization. The evidence of lead is found by means of shock analysis. The reduced form equations are utilized for empirical tests using available macroeconomic time series for EU-27 countries. The results show mixed evidence. While for almost every country there is one leading indicator found, the indicators proved the lead in average less than in half cases. The conclusions imply the theory contains evidence of leading indicators, which can be found also in real aggregate macroeconomic time series."@en . "RIV/61989100:27510/13:86086961" . . "Rerepsentative firm\u2019s decisions and leading indicators"@en . "Leading indicators are potential carriers of signals of future changes in aggregate economic activity. They are mostly composed by means of empirical evidence found in development of aggregate time series. There is also a possibility to find their theoretical foundations by examining decisions of a representative firm in short run. The firm aims to minimize the producing costs for a given demand. The decisions involve change of employment, hours worked and stock of inventories according to the firm's expectations. The short run equilibrium is found by means of inter-temporal optimization. The evidence of lead is found by means of shock analysis. The reduced form equations are utilized for empirical tests using available macroeconomic time series for EU-27 countries. The results show mixed evidence. While for almost every country there is one leading indicator found, the indicators proved the lead in average less than in half cases. The conclusions imply the theory contains evidence of leading indicators, which can be found also in real aggregate macroeconomic time series." . "Rerepsentative firm\u2019s decisions and leading indicators"@en . . "6"^^ . "Mathematical Methods in Economics 2013 : 31st international conference : 11-13 September 2013, Jihlava, Czech Republic" . . "RIV/61989100:27510/13:86086961!RIV14-MSM-27510___" . . "College of Polytechnics Jihlava" . . . "leading indicators, economic theory, inter-temporal optimization"@en . "102486" . . . "1"^^ . "978-80-87035-76-4" . . "Rerepsentative firm\u2019s decisions and leading indicators" . "1"^^ .