Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5059574 | Economics Letters | 2013 | 4 Pages |
Abstract
It is well documented that the term structure of interest rates has predictive power for real economic growth. Applying the stepwise superior predictive ability test, we find that superior models contain both a short-term rate and a term spread.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Yi-Cheng Kao, Chung-Ming Kuan, Shikuan Chen,