Yield spreads as predictors of recessions in a core European economic area
The estimation of probabilities of recessions/weak economic activity based on probit analyses indicates that the development of the German yield spread as well as the development of a weighted average of European yield spreads have been useful predictors for periods of sluggish economic development in core Europe with a lead time of around three quarters.*
Year of publication: |
1997
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Authors: | Funke, N. |
Published in: |
Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 4.1997, 11, p. 695-697
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Publisher: |
Taylor & Francis Journals |
Saved in:
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