Why Does the Paper-Bill Spread Predict Real Economic Activity?
Published Date
Copyright 1993
ISBN 0226774880
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Copy CitationBenjamin M. Friedman and Kenneth Kuttner, Business Cycles, Indicators, and Forecasting (University of Chicago Press, 1993), chap. 5, https://www.nber.org/books-and-chapters/business-cycles-indicators-and-forecasting/why-does-paper-bill-spread-predict-real-economic-activity.
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Working Paper
Evidence based on the past three decades of U.S. experience shows that the difference between the interest rates on...