Publication:
The term structure as a predictor of real economic growth: a general equilibrium approach

dc.contributor.authorDomínguez Irastorza, Emilio José
dc.contributor.authorNovales, Alfonso
dc.contributor.departmentEconomíaes_ES
dc.contributor.departmentEkonomiaeu
dc.date.accessioned2016-05-10T07:40:21Z
dc.date.available2016-05-10T07:40:21Z
dc.date.issued1997
dc.description.abstractConsistent empirical evidence has recently been brought up about the forecasting ability of the term estructure of nominal interes rates, relative to future economic activity. However, there has not been chch work that would check whether that is a robust property of general equilibrium asset pricing models. We present a theoretical economy, with real and nominal assets issued at different maturities, in which the nominal term estructure has, in fact, forecasting power for future real growth. That information content goes beyond the one contained in short-term rates or in monetary policy variables.en
dc.format.extent34 p.
dc.format.mimetypeapplication/pdfen
dc.identifier.urihttps://academica-e.unavarra.es/handle/2454/20602
dc.language.isoengen
dc.relation.ispartofseriesDocumentos de Trabajo DE - ES Lan Gaiakes
dc.relation.ispartofseries9703en
dc.rightsCC Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0)en
dc.rights.accessRightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectTerm structureen
dc.subjectExpectations hypothesisen
dc.subjectEconomic fluctuationsen
dc.subjectBusiness cyclesen
dc.titleThe term structure as a predictor of real economic growth: a general equilibrium approachen
dc.typeinfo:eu-repo/semantics/workingPaper
dspace.entity.typePublication
relation.isAuthorOfPublicationda0b9a4c-bb91-4635-87c7-74f51d05c949
relation.isAuthorOfPublication.latestForDiscoveryda0b9a4c-bb91-4635-87c7-74f51d05c949

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