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series in terms of its forecasting properties, its reliability and its cyclical sensitivity to various measures of demand and … supply shocks. A simple un-weighted average of the models features a better forecasting performance than each individual …
Persistent link: https://www.econbiz.de/10012661561
This paper exploits a quarterly panel data set for 16 OECD countries over the period 1975q1-2013q2 to explore the importance of house prices and credit in affecting the likelihood of a financial crisis. Estimating a set of multivariate logit models, we find that booms in credit to both...
Persistent link: https://www.econbiz.de/10012143852