Chen, George; Valadkhani, Abbas; Grant, Bligh - In: Journal of Economic Studies 43 (2016) 2, pp. 222-241
Purpose – The purpose of this paper is to examine the usefulness of the yield spread for forecasting growth in the …-sample and out-of-sample forecasting power of the spread-growth nexus in Australia for the period spanning from 1969 to 2014 … participants on the usefulness of the spread in forecasting output growth for up to eight quarters ahead. …