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• W41664559 abstract "In this paper we examine the power of the interest rate spread and of other financial variables as predictors of economic recessions in Spain. The domestic term spread is found to have little information about future real activity. However, term spreads in big economies to which Spain is related, specifically Germany and the US, are found to have significant predicting power but at different time horizons. Both these findings are in line with the facts that the monetary policy of Spain has not been independent and that it has been conditioned by that of other big economies, most notably Germany." @default.
• W41664559 created "2016-06-24" @default.
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• W41664559 date "2003-01-01" @default.
• W41664559 modified "2023-09-27" @default.
• W41664559 title "Revisiting the Ability of Interest Rate Spreads to Predict Recessions: Evidence for a Small European Economy" @default.
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