Forecasting with the yield curve; level, slope, and output 1875-1997

Using the yield curve helps forecast real growth over the period 1875 to 1997. Using both the level and slope of the curve improves forecasts more than using either variable alone. Forecast performance changes over time and depends somewhat on whether recursive or rolling out of sample regressions are used.

MoreLess

Year of publication:	2006
Authors:	Bordo, Michael D. ; Haubrich, Joseph G.
Institutions:	Federal Reserve Bank of Cleveland
Subject:	Interest rates \| Gross national product

More details

Extent:	application/pdf
Series:	Working Paper.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 0611
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005526633