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-sample forecasting regressions. The predictive power of the model stays high at longer horizons. The estimated factors are strongly …
Persistent link: https://www.econbiz.de/10010851257
combination forecasting techniques. A simulation study shows that our tests have power to reject unpredictability in both …
Persistent link: https://www.econbiz.de/10010851230
We examine sentiment variables as new predictors for US recessions. We combine sentiment variables with either classical recession predictors or with common factors based on a large panel of macroeconomic and ?nancial variables. Sentiment variables hold vast predictive power for US recessions in...
Persistent link: https://www.econbiz.de/10010851274