Expectations and macroeconomic fluctuations in the euro area

被引:16
|
作者
Girardi, Alessandro [1 ]
机构
[1] European Commiss, Directorate Gen Econ & Financial Affairs DG ECFIN, B-1000 Brussels, Belgium
关键词
Expectations; Survey data; Euro area; VAR models;
D O I
10.1016/j.econlet.2014.09.031
中图分类号
F [经济];
学科分类号
02 ;
摘要
Using a dynamic multivariate system, where variables are aligned in order to reflect data availability at the time when agents form their expectations, we show that survey expectations contain relevant information about business cycle developments in the euro area. (c) 2014 Elsevier B.V. All rights reserved.
引用
收藏
页码:315 / 318
页数:4
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