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Correction: November 3 , 2001 Saturday A column on Page 1 of Business Day yesterday about the specter of deflation misstated the last time the quarterly change in prices for personal consumption spending was negative.
The trend in private-sector indebtedness moves very closely with the trend in America's current-account balance.I've taken the private-sector indebtedness figure Mr Krugman uses and shown the quarterly change in liabilities alongside the quarterly current-account figure (both are in billions of current dollars).
Recently, I ran some statistical tests that looked at the quarterly change in earnings versus the quarterly change in stock prices and found that the correlation was very close to nil.
Usually the main interest in the UK figures is in the quarterly change in GDP in real terms, that is after taking into account changes in prices (inflation).
In order to analyze the determinants of ATM and POS transaction volumes we focus on the quarterly change in transactions per POS terminal by acquirer, transactions per card by issuer and withdrawal transactions per ATM by issuer.
To estimate this relationship Okun regressed the quarterly change in the log of RGNP on the change in unemployment from 1947q1 to 1960q4: Δ u t = α d + β d Δ y t + e t (1).
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The top chart in the accompanying graphic shows the quarterly changes in the national index from 2000 through the first quarter of 2011.
Year-on-year growth rates conceal this bounce; to spot the turning-point, look at quarterly changes.
Fannie Mae said it typically holds derivatives to maturity, meaning its only risk is default by a counterparty, not quarterly changes in their values.
Halifax said that monthly price movements can be volatile and quarterly changes can often be a more reliable indicator of the underlying direction of the housing market.
Oil services business Wood Group added 4.5p to 819.5p but this did not save it from being ejected from the FTSE 100 as part of the latest quarterly changes.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com