Stock market as a nowcasting indicator for real investment

نویسندگان

چکیده

The paper proposes a novel method to assess whether real investment can be nowcasted based on information that is available the stock market. market index daily sampling frequency assessed as predictor of gross fixed capital formation quarterly frequency. For France, Germany, Greece, and Spain (four representative countries eurozone), we find significant empirical evidence from does produce accurate nowcasting values formation.

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ژورنال

عنوان ژورنال: Journal of Forecasting

سال: 2021

ISSN: ['0277-6693', '1099-131X']

DOI: https://doi.org/10.1002/for.2838