Do Asset Price Drops Foreshadow Recessions?

This paper examines the usefulness of asset prices in predicting recessions in the G-7 countries. It finds that asset price drops are significantly associated with the beginning of a recession in these countries. In particular, the marginal effect of an equity/house price drop on the likelihood of a...

Ausführliche Beschreibung

Bibliographische Detailangaben

Hauptverfasser:	Bluedorn, John C, Decressin, Jörg, Terrones, Marco
Format:	Buch
Sprache:	eng
Schlagworte:	Business cycles Housing Prices Stock price forecasting
Online-Zugang:	Volltext
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