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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

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  • Kuosmanen, Petri
  • Vataja, Juuso

Abstract

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.

Suggested Citation

  • Kuosmanen, Petri & Vataja, Juuso, 2014. "Forecasting GDP growth with financial market data in Finland: Revisiting stylized facts in a small open economy during the financial crisis," Review of Financial Economics, Elsevier, vol. 23(2), pages 90-97.
  • Handle: RePEc:eee:revfin:v:23:y:2014:i:2:p:90-97
    DOI: 10.1016/j.rfe.2013.10.002
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    References listed on IDEAS

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    Cited by:

    1. Kuosmanen, Petri & Nabulsi, Nasib & Vataja, Juuso, 2015. "Financial variables and economic activity in the Nordic countries," International Review of Economics & Finance, Elsevier, vol. 37(C), pages 368-379.
    2. repec:kap:ecopln:v:50:y:2017:i:3:d:10.1007_s10644-017-9212-7 is not listed on IDEAS

    More about this item

    Keywords

    Term spread; Short-term interest rate; Stock market; Forecasting; Macroeconomy;

    JEL classification:

    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E47 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Forecasting and Simulation: Models and Applications

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