Do Asset Price Drops Foreshadow Recessions?

WP/13/203

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 new recession can be substantial. Equity price... READ MORE...

Publication date: October 2013
ISBN 9781484353363
$18.00

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Publication date: October 2013

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Publication date: October 2013

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