A Financial Conditions Index for Poland /

This paper constructs a financial conditions index for Poland to explore the link between financial conditions and real economic activity. The index in constructed by applying two complementary approaches-factor analysis and vector auto-regression approach. We evaluate the index's forecasting p...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Ho, Giang
Weitere Verfasser: Lu, Yinqiu
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2013.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2013/252
Online Zugang:Full text available on IMF
LEADER 01671cas a2200253 a 4500
001 AALejournalIMF014077
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781475540642 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Ho, Giang. 
245 1 2 |a A Financial Conditions Index for Poland /  |c Giang Ho, Yinqiu Lu. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2013. 
300 |a 1 online resource (16 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper constructs a financial conditions index for Poland to explore the link between financial conditions and real economic activity. The index in constructed by applying two complementary approaches-factor analysis and vector auto-regression approach. We evaluate the index's forecasting performance against a composite leading indicator developed by the OECD. We found that the FCI is highly correlated with GDP growth, attesting to the importance of financial sector in Poland's economy. In-sample and out-of-sample forecasting exercises indicate that the FCI can outperform the CLI in predicting near-term GDP growth. 
538 |a Mode of access: Internet 
700 1 |a Lu, Yinqiu. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2013/252 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2013/252/001.2013.issue-252-en.xml  |z IMF e-Library