Do Asset Price Drops Foreshadow Recessions? /
This paper examines the usefulness of asset prices in predicting recessions in the G-7 countries. It finds that asset price drops are significantly associated with the beginning of a recession in these countries. In particular, the marginal effect of an equity/house price drop on the likelihood of a...
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| Weitere Verfasser: | , |
| Format: | Zeitschrift |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C. :
International Monetary Fund,
2013.
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| Schriftenreihe: | IMF Working Papers; Working Paper ;
No. 2013/203 |
| Online Zugang: | Full text available on IMF |