Financial predictors of real activity and the financial accelerator

Economics Letters

Volumn 82, Issue 2, 2004, Pages 167-172

  Mody, Ashoka ^a   Taylor, Mark P ^b,c  

^a INTERNATIONAL MONETARY FUND   (United States)

^b UNIVERSITY OF WARWICK   (United Kingdom)

^c CEPR   (United Kingdom)

Author keywords

Financial accelerator; High yield spread

Indexed keywords

EID: 0346307354     PISSN: 01651765     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.econlet.2002.11.001     Document Type: Article

References (5)

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2. Clarida R.H. The empirics of monetary policy rules in open economies International Journal of Finance and Economics 6 2001 315-323
3. Dotsey M. The predictive content of the interest rate term spread for future economic growth Economic Quarterly 84 1998 31-51 (Federal Reserve Bank of Richmond)
4. Gertler M. Lown C.S. The information in the high-yield bond spread for the business cycle: evidence and some implications Oxford Review of Economic Policy 15 1999 132-150
5. Plosser C.I. Rouwenhurst K.G. International term structures and real economic growth Journal of Monetary Economics 33 1994 133-155