Title of article
Financial predictors of real activity and the financial accelerator
Author/Authors
Ashoka Mody، نويسنده , , Mark P. Taylor، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2004
Pages
6
From page
167
To page
172
Abstract
We document the breakdown in the term spread as a predictor of activity during the 1990s and provide the first long-horizon regression evidence that the high yield spread predicts well. The results support the presence of a US financial accelerator.
Keywords
High yield spread , Financial accelerator
Journal title
Economics Letters
Serial Year
2004
Journal title
Economics Letters
Record number
435340
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