In this paper, we consider the forecasting power, both in- and out-of-sample, of 11 financial variables with respect to …-sample of 1994:1-2005:3. The financial variables used are: M0, M1, M2, M3, lending rate, 3-month Treasury bill rate, term spread …-sample and out-of-sample predictive ability of the financial variables tend to coincide. We find strong evidence of out …

the models that explicitly include financial variables in their explanation of economic behaviour continue to …

using a number of financial variables, based on monthly data with an in-sample period covering 1990:01 to 1996:12 and the …

mandated investment rate. The data set includes US-based manufacturing firms. The results show that financial variables are … financial variables in the investment process declines with increasing significance of fundamentals. Another result is that … investment by expected to be financially constrained firms tends to be less sensitive to changes in financial variables. …

mandated investment rate. The data set includes US-based manufacturing firms. The results show that financial variables are … financial variables in the investment process declines with increasing significance of fundamentals. Another result is that … investment by expected to be financially constrained firms tends to be less sensitive to changes in financial variables. …

This paper analyses the role of financial variables in the conduct of monetary policy. In the baseline model for the … lagged short-term real interest rate. However, from a theoretical point of view there are several other financial variables …. In order to assess the importance of financial variables such as asset prices and monetary aggregates for aggregate …

This paper analyses the role of financial variables in the conduct of monetary policy. In the baseline model for the … lagged short-term real interest rate. However, from a theoretical point of view there are several other financial variables …. In order to assess the importance of financial variables such as asset prices and monetary aggregates for aggregate …

This paper analyses the role of financial variables in the conduct of monetary policy. In the baseline model for the … lagged short-term real interest rate. However, from a theoretical point of view there are several other financial variables …. In order to assess the importance of financial variables such as asset prices and monetary aggregates for aggregate …