Financial Conditions Indexes for the United States and Euro Area
April 1, 2011
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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.
Subject: Bank credit, Financial statistics, Sovereign bonds, Vector autoregression, Yield curve
Keywords: Financial conditions index, govt bond, sc, WP
Pages:
10
Volume:
2011
DOI:
Issue:
093
Series:
Working Paper No. 2011/093
Stock No:
WPIEA2011093
ISBN:
9781455253326
ISSN:
1018-5941
