In this paper we test the forecasting ability of three estimated financial conditions indices (FCIs) with respect to key macroeconomic variables of output growth, inflation and interest rates. We do this by forecasting the ...
Thompson, Kirsten L.; Van Eyden, Renee; Gupta, Rangan(Emerald, 2015)
The global financial crisis that began in 2007-08 demonstrated how severe the impact of financial markets’ stress on real economic activity can be. In the wake of the financial crisis policy-makers and decision-makers ...
The negative consequences of financial instability for the world economy during the recent
financial crisis have highlighted the need for a better understanding of financial conditions.
We use a financial conditions ...
Thompson, Kirsten L.; Van Eyden, Renee; Gupta, Rangan(Routledge, 2015-06)
The importance of financial instability for the world economy has been severely demonstrated
since the 2007–8 global financial crisis, highlighting the need for a better understanding of financial
conditions. We consider ...
