Dar, Arif; Samantaraya, Amaresh; Shah, Firdous - In: Empirical Economics 46 (2014) 3, pp. 887-901
This paper examines whether the spread between long- and short-terminterest rates contains information about future economic activity in India. Using the yields on securities with maturities ranging from three months to ten years, we construct five different yield spreads at shorter end, longer...