The Predictive Power of the Yield Curve across Countries and Time
---- Acknowledgements ----
We thank Shaghil Ahmed, Steve Kamin, Jagjit Chadha, Christian Kascha, seminar participants at the US Treasury, and conference participants at the 10th EABCN conference (Frankfurt, March 30-31, 2009) and Norges Bank Conference on Recent Developments in the Econometrics of Macroeconomics and Finance(June 3-4, 2010) for useful comments. Paul Eitelman provided assistance with the data analysis. Lucio Sarno and Catherine Bonser-Neal graciously provided data. Portions of this paper were completed while Kucko was at the Board of Governors of the Federal Reserve System. The views expressed in this paper are solely the responsibility of the authors and should not be interpreted as reflecting the views of the Federal Reserve Board or of the NBER.