Albuquerque, Bruno; Baumann, Ursel; Seitz, Franz - 2015
We analyse the forecasting power of different monetary aggregates and credit variables for US GDP. Special attention is …-variable single-equation framework with real GDP, an interest rate spread and a monetary or credit variable, in forecasting horizons … of one to eight quarters. This first stage thus serves to pre-select the variables with the highest forecasting content …