The Smooth-Saving-Retention-Coefficient with Country-Size
學年 94
學期 2
出版（發表）日期 2006-03-01
作品名稱 The Smooth-Saving-Retention-Coefficient with Country-Size
作品名稱（其他語言）
著者 Ho, Tsungwu; 黃河泉; Huang, Ho-chuan(River)
單位 淡江大學財務金融學系
出版者 Routledge
著錄名稱、卷期、頁數 Applied Economics Letters 13(4), pp.247-250
摘要 It has been empirically shown in the USA that a positive slope of the yield curve is associated with a future increase in real economic activity. However, the present study's empirical examination reveals that the term structure in Japan has almost no predictive power for real economic changes, whereas it does in Canada and the USA. Further, the additional investigation, which exploits spectral analysis, clarifies that the yield-curve's slope and real economic growth in the USA and Canada have similar cyclical components. However, the term structure in Japan exhibits few business cycle components, and this may account for the lack of predictive power.
關鍵字
語言 en
ISSN 1350-4851
期刊性質 國外
收錄於 SSCI
產學合作
通訊作者
審稿制度
國別 ENG
公開徵稿
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