Arbeitspapier
Balance sheets of financial intermediaries: Do they forecast economic activity?
This paper conducts a real-time, out-of-sample analysis of the forecasting power of various aggregate financial intermediaries' balance sheets to a wide range of economic activity measures in the United States. I find evidence that the balance sheets of leveraged financial institutions do have out-of-sample predictive power for future economic activity, and this predictability arises mainly through the housing sector. Nevertheless, I show that these variables have very little predictive power during periods of economic expansions and that predictability arises mainly during the financial crisis period.
- Sprache
-
Englisch
- Erschienen in
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Series: Bank of Canada Working Paper ; No. 2014-40
- Klassifikation
-
Wirtschaft
Forecasting Models; Simulation Methods
- Thema
-
Econometric and statistical methods
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Sekkel, Rodrigo M.
- Ereignis
-
Veröffentlichung
- (wer)
-
Bank of Canada
- (wo)
-
Ottawa
- (wann)
-
2014
- DOI
-
doi:10.34989/swp-2014-40
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Sekkel, Rodrigo M.
- Bank of Canada
Entstanden
- 2014
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