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Forecasting GDP growth with financial market data in Finland: Revisiting stylized facts in a small open economy during the financial crisis

  • Kuosmanen, Petri
  • Vataja, Juuso
Registered author(s):

    This paper examines the ability of financial variables to predict future economic growth above and beyond past economic activity in a small open economy in the euro area. We aim to clarify potential differences in forecasting economic activity during different economic circumstances.

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    File URL: http://www.sciencedirect.com/science/article/pii/S105833001300061X
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    Article provided by Elsevier in its journal Review of Financial Economics.

    Volume (Year): 23 (2014)
    Issue (Month): 2 ()
    Pages: 90-97

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    Handle: RePEc:eee:revfin:v:23:y:2014:i:2:p:90-97
    Contact details of provider: Web page: http://www.elsevier.com/locate/inca/620170

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    10. David C. Wheelock & Mark E. Wohar, 2009. "Can the term spread predict output growth and recessions? a survey of the literature," Review, Federal Reserve Bank of St. Louis, issue Sep, pages 419-440.
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    21. Kuosmanen, Petri & Vataja, Juuso, 2011. "The role of stock markets vs. the term spread in forecasting macrovariables in Finland," The Quarterly Review of Economics and Finance, Elsevier, vol. 51(2), pages 124-132, May.
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