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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Autor principal: European Investment Bank (auth)
Formato: Recurso Electrónico Capítulo de Livro
Idioma:inglês
Publicado em: European Investment Bank 2021
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