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.
- Language
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Englisch
- Bibliographic citation
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Series: Bank of Canada Working Paper ; No. 2014-40
- Classification
-
Wirtschaft
Forecasting Models; Simulation Methods
- Subject
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Econometric and statistical methods
- Event
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Geistige Schöpfung
- (who)
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Sekkel, Rodrigo M.
- Event
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Veröffentlichung
- (who)
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Bank of Canada
- (where)
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Ottawa
- (when)
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2014
- DOI
-
doi:10.34989/swp-2014-40
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Sekkel, Rodrigo M.
- Bank of Canada
Time of origin
- 2014
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