EIB Working Paper 2021/10 - The simpler, the better: Measuring financial conditions for monetary policy and financial stability / European Investment Bank.
In this paper we assess the merits of financial condition indices constructed using simple averages versus a more sophisticated alternative that uses factor models with time varying parameters. Our analysis is based on data for 18 advanced and emerging economies at a monthly frequency covering about...
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Place / Publishing House: | [s.l.] : : European Investment Bank,, 2021. |
Year of Publication: | 2021 |
Language: | English |
Physical Description: | 1 online resource (44 p.) |
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