Indicator Properties of the Paper-Bill Spread: Lessons from Recent Experiences
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A feature of U.S. post-war business cycle experience that is by now widely documented is the tendency of the spread between the respective interest rates on commercial paper and Treasury bills to widen shortly before the onset of recessions. By contrast, the paper- bill spread did not anticipate the
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美国国家经济研究局创建时间:
1994-12-01



