How Long to Read Incorporating Macro-Financial Linkages into Forecasts Using Financial Conditions Indices: The Case of France

How Long Does it Take to Read Incorporating Macro-Financial Linkages into Forecasts Using Financial Conditions Indices: The Case of France?

It takes the average reader and 36 minutes to read Incorporating Macro-Financial Linkages into Forecasts Using Financial Conditions Indices: The Case of France by Ms.Piyabha Kongsamut

Assuming a reading speed of 250 words per minute. Learn more

Description

How can information on financial conditions be used to better understand macroeconomic developments and improve macroeconomic projections? We investigate this question for France by constructing country-specific financial conditions indices (FCIs) that are tailored to movements in GDP, investment, private consumption and exports respectively. We rely on a VAR approach to estimate the weights of the financial components of each FCI, including equity market returns (which turn out having a relatively strong weight across all FCIs), private sector risk premiums, long-term interest rates, and banks’ credit standards. We find that the tailored FCIs are useful as leading indicators of GDP, investment, and exports, and as a contemporaneous indicator of private consumption. Credit volumes turn out to be lagging indicators of growth. The indices inform us on macro-financial linkages in France and are used to improve the accuracy of quarterly forecasting models and high-frequency “nowcast” models. We show that FCI-augmented models could have significantly improved forecasts during and after the global financial crisis.

How long is Incorporating Macro-Financial Linkages into Forecasts Using Financial Conditions Indices: The Case of France?

Incorporating Macro-Financial Linkages into Forecasts Using Financial Conditions Indices: The Case of France by Ms.Piyabha Kongsamut is 36 pages long, and a total of 9,216 words.

This makes it 12% the length of the average book. It also has 11% more words than the average book.

How Long Does it Take to Read Incorporating Macro-Financial Linkages into Forecasts Using Financial Conditions Indices: The Case of France Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 50 minutes to read Incorporating Macro-Financial Linkages into Forecasts Using Financial Conditions Indices: The Case of France aloud.

What Reading Level is Incorporating Macro-Financial Linkages into Forecasts Using Financial Conditions Indices: The Case of France?

Incorporating Macro-Financial Linkages into Forecasts Using Financial Conditions Indices: The Case of France is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

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