Fernandez-Perez, Adrian; Fernández-Rodríguez, Fernando; … - In: International Review of Economics & Finance 31 (2014) C, pp. 21-33
A Probit model to forecast the probability of bear markets in the Spanish IBEX 35 is presented, being the explanatory factors selected from a wide set of economic variables like the yield curve of Spain, US and Europe, several macro variables, and numerous leading indicators. A data-guided...