Financial conditions indexes for the United States and euro area |
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Authors: | Troy D. Matheson |
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Affiliation: | Research Department, International Monetary Fund, Washington, DC, United States |
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Abstract: | 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. Variants of the indexes that allow for cross-economy effects reveal very strong financial linkages across the United States and euro area. |
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Keywords: | E5 E17 E44 |
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