Work

Monetary Policy and the Term Spread in a Macro Model of a Small Open Economy

Year: 2002
Type: preprint
Abstract: This paper argues that shortcomings of the single-equation approach may produce results that are biased, and that the predictive ability must be analyzed from within a model framework. It has elected to use a simple macroeconomic model of a small open economy and examine the predictive properties of the term spread from within its framework.
Language: English
Open Access status: green
OpenAlex ID: W1604861178
Cites: 42
Cited by: 26
Related to: 10