Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5054979 | Economic Modelling | 2012 | 5 Pages |
Abstract
⺠We analyze macro-financial linkages in the euro area. ⺠An innovative factor-augmented probit model is put forward. ⺠We find that financial variables play a leading role in the business cycles. ⺠Dynamic factor models allow a better goodness-of-fit than static ones.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
C. Bellégo, L. Ferrara,