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

38 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

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10.1016/j.econlet.2002.11.001

Cite this

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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.\}",

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KW - High yield spread

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JO - Economics Letters

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ER -

Financial predictors of real activity and the financial accelerator

Abstract

All Science Journal Classification (ASJC) codes

Keywords

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