Showing 1 - 10 of 23
Persistent link: https://www.econbiz.de/10012298955
Persistent link: https://www.econbiz.de/10012612511
Persistent link: https://www.econbiz.de/10005430765
Persistent link: https://www.econbiz.de/10010839744
Persistent link: https://www.econbiz.de/10005109258
Persistent link: https://www.econbiz.de/10005109297
Persistent link: https://www.econbiz.de/10005021030
Persistent link: https://www.econbiz.de/10005021033
This paper brings historical evidence to bear on the stylized fact that the yield curve predicts future growth. The spread between corporate bonds and commercial paper reliably predicts future growth over the period 1875-1997. This predictability varies over time, however, and has been strongest...
Persistent link: https://www.econbiz.de/10005815571
Persistent link: https://www.econbiz.de/10005213914