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This paper aims at providing a detailed analysis of the leading indicator properties of corporate bond spreads for real economic activity in the euro area. In- and out-of-sample predictive content of corporate bond spreads are examined along three dimensions: the bonds' quality, their term to...
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This paper provides an analysis of co-movements between real and financial variables in three new EU member countries … better convergence of real than financial cycles between the new EU members and the euro area. There is no a high degree of …
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