Zhiwei Zhang - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T18:18:49+00:00Corporate Bond Spreads and the Business Cycle
https://www.bankofcanada.ca/2002/06/working-paper-2002-15/
This paper examines the predictive power of credit spreads from the corporate bond market. The high-yield bond spread and investment-grade spread can explain 68 per cent and 42 per cent of output variations one year ahead, while the term spread based on government debts can explain only 12 per cent of them.2002-06-01T12:53:32+00:00enCorporate Bond Spreads and the Business Cycle2002-06-01Financial marketsMonetary and financial indicatorsMonetary policy transmissionWorking Paper 2002-15 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp02-15.pdfCorporate Bond Spreads and the Business CycleZhiwei ZhangJune 2002EE3E5GG1