Table 4

List of variables relating to financial markets used as predictors

VariableNotation in graphsDefinition
Price of the 10-year German bondPrice_Bond_German _10Y10-year German government bond
Exchange rate Euro against DollarVariation_EU_VS_USDRate of variation of exchange rate with regard to the US Dollar
Rate of variation of S&P 500Variation_SP_500Rate of variation of the US S&P 500 share index
Closing price of the VEIEXClosing_Price_
VEIEX
Vanguard Emerging Markets Stock Index Fund Investor Shares (VEIEX), monthly prices of the index of emerging economy shares

Source(s): Table by authors

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