The Yield Curve and Real Activity /
The financial press frequently suggest that the shape of yield curve reflects information about the prospects of the economy. This paper attempts to formalize the link between the yield curve and the real economic activity. A closed-form formula for the term structure of interest rates is derived. I...
| Κύριος συγγραφέας: | |
|---|---|
| Μορφή: | Επιστημονικό περιοδικό |
| Γλώσσα: | English |
| Έκδοση: |
Washington, D.C. :
International Monetary Fund,
1993.
|
| Σειρά: | IMF Working Papers; Working Paper ;
No. 1993/019 |
| Διαθέσιμο Online: | Full text available on IMF |