Title of article :
The slope of the yield curve and real economic activity: tracing the transmission mechanism
Author/Authors :
David A. Peel، نويسنده , , Mark P. Taylor، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 1998
Abstract :
The slope of the yield curve in the US and the UK is strongly associated with the temporary rather than the permanent components of real economic activity, suggesting that the yield curve affects economic activity primarily through the demand side.
Keywords :
Yield curve , Real activity , Permanent-temporary decomposition
Journal title :
Economics Letters
Journal title :
Economics Letters
