Financial Conditions Indexes for the United States and Euro Area

Author/Editor: Troy Matheson
Publication Date: April 01, 2011
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
Summary: Financial conditions indexes are developed for the United States and euro area using a wide range of financial indicators and a dynamic factor model. The financial conditions indexes are shown to be useful for forecasting economic activity and have good revision properties.
Series: Working Paper No. 11/93
Subject(s): Economic conditions | Economic forecasting | Forecasting models | Monetary policy

Author's Keyword(s): Financial Conditions | Short-term Forecasting | Real-Time Data
Publication Date: April 01, 2011
ISBN/ISSN: 9781455253326/1018-5941 Format: Paper
Stock No: WPIEA2011093 Pages: 10
US$18.00 (Academic Rate:
US$18.00 )
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