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|c 5.00 USD
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|z 9781451842524
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Chan-Lau, Jorge.
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|a The Corporate Spread Curve and Industrial Production in the United States /
|c Jorge Chan-Lau, Iryna Ivaschenko.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2002.
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|a 1 online resource (44 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a 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.
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|a Mode of access: Internet
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|a Ivaschenko, Iryna.
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|a IMF Working Papers; Working Paper ;
|v No. 2002/008
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2002/008/001.2002.issue-008-en.xml
|z IMF e-Library
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