@inbook{81ffb5de997e42f6970a97615873d0c3,
title = "Forecasting US Recessions: The Role of Sentiment",
abstract = "We study the role of sentiment variables as predictors for US recessions. We combine sentiment variables with either classical recession predictors or common factors based on a large panel of macroeconomic and financial variables. Sentiment variables hold vast predictive power for US recessions in excess of both the classical recession predictors and the common factors. The strong importance of the sentiment variables is documented both in-sample and out-of-sample.",
keywords = "Business cycles, Forecasting, Factor analysis, Probit model, Sentiment variables",
author = "Charlotte Christiansen and Eriksen, {Jonas Nygaard} and M{\o}ller, {Stig Vinther}",
note = "Campus adgang til artiklen / Campus access to the article",
year = "2017",
language = "English",
isbn = "978 1 78643 424 1",
series = "The International Library of Critical Writings in Economics series",
publisher = "Edward Elgar Publishing",
pages = "100--109",
editor = "{ Estrella}, Arturo",
booktitle = "The Economics of Recession",
}