financial variables lead the common factor. Finally, we provide a simulated real-time exercise and prove that the model is a …

help predicting euro area GDP. We investigate whether financial variables provide additional predictive power. We use a VAR … selected combinations of financial variables. In-sample analysis shows that shocks to financial variables influence real … adding financial variables yields smaller errors in fore-casting US economic activity, especially at a five- quarter horizon …

help predicting euro area GDP. We investigate whether financial variables provide additional predictive power. We use a VAR … selected combinations of financial variables. In-sample analysis shows that shocks to financial variables influence real … adding financial variables yields smaller errors in fore-casting US economic activity, especially at a five- quarter horizon …

interplay between financial variables and the real side of the economy a simultaneous equation model is constructed on Norwegian …