TY  - BOOK
AU  - Ho,Giang
AU  - Lu,Yinqiu
TI  - A Financial Conditions Index for Poland
T2  - IMF Working Papers; Working Paper
SN  - 1475540647 :
SN  - 1018-5941
PY  - 2013///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Bond Yield
KW  - imf
KW  - Bond
KW  - Factor Analysis
KW  - Financial Conditions Index
KW  - Financial Markets and the Macroeconomy
KW  - Forecasting and Simulation
KW  - Poland
N2  - This paper constructs a financial conditions index for Poland to explore the link between financial conditions and real economic activity. The index in constructed by applying two complementary approaches-factor analysis and vector auto-regression approach. We evaluate the index's forecasting performance against a composite leading indicator developed by the OECD. We found that the FCI is highly correlated with GDP growth, attesting to the importance of financial sector in Poland's economy. In-sample and out-of-sample forecasting exercises indicate that the FCI can outperform the CLI in predicting near-term GDP growth
UR  - http://elibrary.imf.org/view/IMF001/20983-9781475540642/20983-9781475540642/20983-9781475540642.xml
UR  - http://www.imfbookstore.org/IMFORG/9781475540642
ER  -