Andersson, Magnus; D’Agostino, Antonello; Bondt, Gabe … - 2011
consumption and investment growth up to 4 quarters ahead in the US and the euro area. Our findings are that the predictive content … than that of financial spreads; ii) varies over time, with a substantial improvement after 1999 for the euro area; iii) is … stronger for investment than for private consumption; and iv) is stronger in the euro area than in the United States …