Aastveit, Knut Are; Anundsen, André K.; Herstad, Eyo I. - 2017
We assess the importance of residential investment in predicting economic recessions for an unbalanced panel of 12 OECD … investment contains information useful in predicting recessions both in-sample and out-of-sample. This result is robust to adding … residential investment is particularly useful in predicting recessions for countries with high homeownership rates. Finally, in a …