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The Predictive Power of the Yield Curve across Countries and Time

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NBER2010-09-01 更新2025-01-04 收录
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In recent years, there has been renewed interest in the yield curve (or alternatively, the term premium) as a predictor of future economic activity. In this paper, we re-examine the evidence for this predictor, both for the United States, as well as European countries. We examine the sensitivity of

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2010-09-01
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