The Information in the High Yield Bond Spread for the Business Cycle: Evidence and Some Implications
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下载链接：
https://www.nber.org/papers/w7549
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资源简介：
The market for high yield (below investment-grade) corporate bonds developed in the middle 1980s. We show that, since this time, the high yield spread has had significant explanatory power for the business cycle. We interpret this finding as possibly symptomatic of financial factors at work in the
提供机构：
美国国家经济研究局
创建时间：
2000-02-01
