Credit Market Shocks and Economic Fluctuations: Evidence from Corporate Bond and Stock Markets
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To identify disruptions in credit markets, research on the role of asset prices in economic fluctuations has focused on the information content of various corporate credit spreads. We re-examine this evidence using a broad array of credit spreads constructed directly from the secondary bond prices
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美国国家经济研究局创建时间:
2009-04-01



