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, is a commonly used indicator of aggregate demand conditions. In-sample evidence for the US, the euro area, Japan and the … performance is mixed. An FCI would have predicted the recent economic downturn in Japan and the UK, but not in the US and the euro …
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und das Kreditvolumen in Deutschland, Großbritannien, Japan und den Vereinigten Staaten gesucht. Zusätzlich werden … und das Kreditvolumen in Deutschland, Großbritannien, Japan und den Vereinigten Staaten gesucht. Zusätzlich werden …
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This paper reviews the usefulness of monetary conditions in the euro area as leading indicators for aggregate demand conditions. Monetary conditions are measured with the MCI concept proposed by the Bank of Canada, and with the yield spread. A central result is that causality runs in both ways...
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