Siliverstovs, Boriss; Duong, Manh Ha - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2006
(represented by the real GDP), the economic sentiment indicator, and real interest rate for the five European countries: Germany … sentiment indicator, the stock market has certain predictive content for the real economic activity. At the same time, the … relationship between the economic sentiment indicator and the real activity seems to be more articulated than that between the …