EIB Working Paper 2021/10 - The simpler, the better Measuring financial conditions for monetary policy and financial stability
In this paper we assess the merits of financial condition indices constructed using simple averages versus a more sophisticated alternative that uses factor models with time varying parameters. Our analysis is based on data for 18 advanced and emerging economies at a monthly frequency covering about...
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| Format: | Electronic Book Chapter |
| Language: | English |
| Published: |
European Investment Bank
2021
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| Subjects: | |
| Online Access: | DOAB: download the publication DOAB: description of the publication |
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