Are Euro-Area expectations about recession phases effective to anticipate consequences of economic crises?
Abstract By using the Economic Sentiment Indicator and Autoregressive Markov Switching models, this paper provides an effective tool to identify and characterize expectations of business cycle phases for Germany, Spain, the Euro Area, and the European Union. This information is useful for policy mak...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
SpringerOpen
2017-12-01
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| Series: | SERIEs: Journal of the Spanish Economic Association |
| Subjects: | |
| Online Access: | http://link.springer.com/article/10.1007/s13209-017-0170-0 |