References
- Adolfson , M , Andersson , MK , Lindé , J , Villani , M and Vredin , A . 2007 . Modern forecasting models in action: improving macro economic analyses at central banks . International Journal of Central Banking , 3 : 111 – 44 .
- Beechey , M and Österholm , P . 2008 . A Bayesian VAR with informative steady-state priors for the Australian economy . Economic Record , 84 : 449 – 65 .
- Doan , TA . 1992 . RATS Users Manual Version 4, Estima, Evanston, IL
- Gauthier , C , Graham , C and Liu , Y . 2004 . “ Financial conditions indexes for Canada ” . Bank of Canada Working Paper No. 2004-22
- Gosselin , M-A and Lalonde , R . 2006 . An eclectic approach to estimating US potential GDP . Empirical Economics , 31 : 951 – 75 .
- Guichard , S and Turner , D . 2008 . Quantifying the effects of financial conditions on US activity , Economics Department Working Papers No. 635 OECD .
- Hansson , J , Jansson , P and Löf , M . 2005 . Business survey data: do they help in forecasting GDP growth? . International Journal of Forecasting , 21 : 377 – 89 .
- International Monetary Fund (IMF) (2008) World Economic Outlook. Financial Stress, Downturns, and Recoveries, IMF, Washington, DC
- Levy Yeyati , E and González Rozada , M . 2005 . Global factors and emerging market spreads , IDB Working Paper No. 552 Washington : Inter-American Development Bank .
- Litterman , RB . 1986 . Forecasting with Bayesian vector autoregressions–five years of experience . Journal of Business and Economic Statistics , 5 : 25 – 38 .
- Mayes , D and Virén , M . 2001 . Financial conditions indexes , Bank of Finland Working Paper No. 17-2001
- Mody , A and Taylor , MP . 2003 . The high-yield spread as a predictor of real economic activity: evidence of a financial accelerator for the US . IMF Staff Papers , 50 : 373 – 402 .
- Österholm , P . 2008 . Can forecasting performance be improved by considering the steady state? An application to Swedish inflation and interest rate . Journal of Forecasting , 27 : 41 – 51 .
- Österholm , P and Zettelmeyer , J . 2008 . The effect of external conditions on growth in Latin America . IMF Staff Papers , 55 : 595 – 623 .
- Swiston , A . 2008 . A US financial conditions index: putting credit where credit is due , IMF Working Paper No. 08/161 International Monetary Fund .
- Tierny , L . 1994 . Markov chains for exploring posterior distributions . Annals of Statistics , 22 : 1701 – 62 .
- Villani , M . 2009 . Inference in vector autoregressive models with an informative prior on the steady state . Journal of Applied Econometrics , 24 : 630 – 50 .
- Villani , M and Warne , A . 2003 . Monetary policy analysis in a small open economy using Bayesian cointegrated structural VARs , Working Paper No. 296 European Central Bank .