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...
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| Format: | Book |
| Language: | English |
| Published: |
[Washington, D.C.] :
International Monetary Fund, International Capital Markets Department,
c2001
[Washington, D.C.] : International Monetary Fund, International Capital Markets Dept., ©2001 |
| Series: | IMF working paper ;
WP/01/158 |
| Subjects: |
Internet
This item is not available through BorrowDirect. Please contact your institution’s interlibrary loan office for further assistance.Massachusetts Institute of Technology
| Call Number: |
HG3810.I45 no.WP/01/158 |
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