| Description |
1 online resource (43 pages) : illustrations |
| Series |
IMF working paper, 2227-8885 ; WP/02/8 |
|
IMF working paper ; WP/02/8.
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| Summary |
The term structure of domestic investment grade bond spreads - or corporate spread curve - contains useful information to predict future changes in industrial production, beyond the information already contained in interest rates, commercial paper-treasury bill spreads, and lagged values of industrial production. In fact, the corporate spread curve can explain the cumulative growth rate of industrial production over 3- to 48-month horizons, and the marginal growth rate over 6- to 18-month horizons. Unlike other financial variables, the corporate spread curve has been a stable predictor of real activity for the last fifteen years |
| Bibliography |
Includes bibliographical references (pages 41-43) |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
|
English |
|
Print version record |
|
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
| Subject |
Industrial productivity -- United States -- Forecasting -- Econometric models
|
|
United States
|
| Form |
Electronic book
|
| Author |
Ivaschenko, Iryna V
|
|
International Monetary Fund. International Capital Markets Department
|
| ISBN |
1451890702 |
|
9781451890709 |
|
128160383X |
|
9781281603838 |
|
1462358179 |
|
9781462358175 |
|
1452766452 |
|
9781452766454 |
|
9786613784520 |
|
6613784524 |
|
9781451842524 |
|
145184252X |
|
