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Green Shoots? Where, When and How?

Máximo Camacho (Universidad de Murcia), Gabriel Pérez-Quirós (Banco de España), and Pilar Poncela (Universidad Autónoma de Madrid)

What is the meaning of green shoots? In this paper we provide a statistical definition of this term which allows us to analyze where, when and how the recovery started. With the same methodology, we confirm that there are symptoms of recovery in the US, the Euro area and Spain with some di¤erences in timing. In addition, we find some leading behavior from the quotes in the press to the actual confirmation of the data, even when the data include variables with clear expectations contents.

Conferencias

28/10/09
18:30-19:30

Green Shoots? Where, When and How?
Máximo Camacho (Universidad de Murcia), Gabriel Pérez-Quirós (Banco de España), and Pilar Poncela (Universidad Autónoma de Madrid)

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