The slope of the yield curve and real economic activity: Tracing the transmission mechanism

David A. Peel; Mark P. Taylor

doi:10.1016/s0165-1765(98)00062-7

The slope of the yield curve and real economic activity: Tracing the transmission mechanism

David A. Peel
, Mark P. Taylor

Research output: Contribution to journal › Article › peer-review

16 Scopus citations

Abstract

The slope of the yield curve in the US and the UK is strongly associated with the temporary rather than the permanent components of real economic activity, suggesting that the yield curve affects economic activity primarily through the demand side.

Original language	English
Pages (from-to)	353-360
Number of pages	8
Journal	Economics Letters
Volume	59
Issue number	3
DOIs	https://doi.org/10.1016/s0165-1765(98)00062-7
State	Published - Jun 1 1998

Keywords

E33
E44
Permanent-temporary decomposition
Real activity
Yield curve

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10.1016/s0165-1765(98)00062-7

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title = "The slope of the yield curve and real economic activity: Tracing the transmission mechanism",

abstract = "The slope of the yield curve in the US and the UK is strongly associated with the temporary rather than the permanent components of real economic activity, suggesting that the yield curve affects economic activity primarily through the demand side.",

keywords = "E33, E44, Permanent-temporary decomposition, Real activity, Yield curve",

author = "Peel, \{David A.\} and Taylor, \{Mark P.\}",

year = "1998",

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T1 - The slope of the yield curve and real economic activity

T2 - Tracing the transmission mechanism

AU - Peel, David A.

AU - Taylor, Mark P.

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N2 - The slope of the yield curve in the US and the UK is strongly associated with the temporary rather than the permanent components of real economic activity, suggesting that the yield curve affects economic activity primarily through the demand side.

AB - The slope of the yield curve in the US and the UK is strongly associated with the temporary rather than the permanent components of real economic activity, suggesting that the yield curve affects economic activity primarily through the demand side.

KW - E33

KW - E44

KW - Permanent-temporary decomposition

KW - Real activity

KW - Yield curve

UR - https://www.scopus.com/pages/publications/0032377296

U2 - 10.1016/s0165-1765(98)00062-7

DO - 10.1016/s0165-1765(98)00062-7

M3 - Article

AN - SCOPUS:0032377296

SN - 0165-1765

VL - 59

SP - 353

EP - 360

JO - Economics Letters

JF - Economics Letters

IS - 3

ER -

The slope of the yield curve and real economic activity: Tracing the transmission mechanism

Abstract

Keywords

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