Yield Spread as a Leading Indicator of Real Economic Activity : An Empirical Exercise on the Indian Economy /

There is growing evidence that the yield spread could serve as a leading indicator of real economic activity. This paper is an attempt to test this hypothesis for the Indian economy by relating movements in the yield spread in the government securities market to movements in the index of industrial...

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Chi tiết về thư mục
Tác giả chính: Goyal, Rajan
Tác giả khác: Kanagasabapathy, K.
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 2002.
Loạt:IMF Working Papers; Working Paper ; No. 2002/091
Truy cập trực tuyến:Full text available on IMF