Balcilar, Mehmet; Gupta, Rangan; Eyden, Renee van; … - Department of Economics, Faculty of Economic and … - 2015
In this paper we test the forecasting ability of three estimated financial conditions indices (FCIs) with respect to key macroeconomic variables of output growth, inflation and interest rates. We do this by forecasting the aforementioned macroeconomic variables based on the information contained...