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An Early Warning Model for Predicting Credit Booms Using Macroeconomic Aggregates

Alexander
Guarín-López
Andrés
González
Daphné
Skandalis
Daniela
Sánchez
Domingo, 1 Julio 2012

In this paper, we propose an alternative methodology to determine the existence of credit booms, which is a complex and crucial issue for policymakers. In particular, we exploit the Mendoza and Terrones (2008)’s idea that macroeconomic aggregates other th