Financial predictors of real activity and the financial accelerator

Ashoka Mody; Mark P. Taylor

doi:10.1016/j.econlet.2002.11.001

Financial predictors of real activity and the financial accelerator

Ashoka Mody, Mark P. Taylor

Research output: Contribution to journal › Article › peer-review

37 Scopus citations

Abstract

We document the breakdown in the term spread as a predictor of activity during the 1990s and provide the first long-horizon regression evidence that the high yield spread predicts well. The results support the presence of a US financial accelerator.

Original language	English (US)
Pages (from-to)	167-172
Number of pages	6
Journal	Economics Letters
Volume	82
Issue number	2
DOIs	https://doi.org/10.1016/j.econlet.2002.11.001
State	Published - Feb 2004
Externally published	Yes

All Science Journal Classification (ASJC) codes

Finance
Economics and Econometrics

Keywords

Financial accelerator
High yield spread

Access to Document

10.1016/j.econlet.2002.11.001

Cite this

@article{95748fb270a146a8aa3a44bf47261481,

title = "Financial predictors of real activity and the financial accelerator",

abstract = "We document the breakdown in the term spread as a predictor of activity during the 1990s and provide the first long-horizon regression evidence that the high yield spread predicts well. The results support the presence of a US financial accelerator.",

keywords = "Financial accelerator, High yield spread",

author = "Ashoka Mody and Taylor, {Mark P.}",

year = "2004",

month = feb,

doi = "10.1016/j.econlet.2002.11.001",

language = "English (US)",

volume = "82",

pages = "167--172",

journal = "Economics Letters",

issn = "0165-1765",

publisher = "Elsevier B.V.",

number = "2",

}

TY - JOUR

T1 - Financial predictors of real activity and the financial accelerator

AU - Mody, Ashoka

AU - Taylor, Mark P.

PY - 2004/2

Y1 - 2004/2

N2 - We document the breakdown in the term spread as a predictor of activity during the 1990s and provide the first long-horizon regression evidence that the high yield spread predicts well. The results support the presence of a US financial accelerator.

AB - We document the breakdown in the term spread as a predictor of activity during the 1990s and provide the first long-horizon regression evidence that the high yield spread predicts well. The results support the presence of a US financial accelerator.

KW - Financial accelerator

KW - High yield spread

UR - http://www.scopus.com/inward/record.url?scp=0346307354&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=0346307354&partnerID=8YFLogxK

U2 - 10.1016/j.econlet.2002.11.001

DO - 10.1016/j.econlet.2002.11.001

M3 - Article

AN - SCOPUS:0346307354

SN - 0165-1765

VL - 82

SP - 167

EP - 172

JO - Economics Letters

JF - Economics Letters

IS - 2

ER -

Financial predictors of real activity and the financial accelerator

Abstract

All Science Journal Classification (ASJC) codes

Keywords

Access to Document

Other files and links

Fingerprint

Cite this