Corporate Bond Risk and Real Activity : An Empirical Analysis of Yield Spreads and Their Systematic Components /
This paper finds that the yield spread of investment-grade bonds relative to Treasuries, a proxy of default risk, predicts marginal changes in industrial production in the United States up to 12 months in the future, even upon controlling for a commonly used predictor such as the commercial paper sp...
| Հիմնական հեղինակ: | |
|---|---|
| Այլ հեղինակներ: | |
| Ձևաչափ: | Ամսագիր |
| Լեզու: | English |
| Հրապարակվել է: |
Washington, D.C. :
International Monetary Fund,
2001.
|
| Շարք: | IMF Working Papers; Working Paper ;
No. 2001/158 |
| Առցանց հասանելիություն: | Full text available on IMF |