Angelopoulou, Eleni; Balfoussia, Hiona; Gibson, Heather D. - Bank of Greece - 2012
In this paper we construct Financial Conditions Indices (FCIs) for the euro area, for the period 2003 to 2011, using a wide range of prices, quantities, spreads and survey data, grounded in the theoretical literature. One FCI includes monetary policy variables, while two versions of the FCI...
