Yield Spread as a Leading Indicator of Real Economic Activity [electronic resource] : An Empirical Exercise on the Indian Economy / Rajan Goyal.
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TextSeries: IMF Working Papers; Working Paper ; No. 02/91Publication details: Washington, D.C. : International Monetary Fund, 2002Description: 1 online resource (20 p.)ISBN: 1451851529 :ISSN: 1018-5941Subject(s): Business Fluctuations | Equation | Forecasting | Government Securities | Lead Indicators | Leading Indicators | IndiaAdditional physical formats: Print Version:: Yield Spread as a Leading Indicator of Real Economic Activity : An Empirical Exercise on the Indian EconomyOnline resources: IMF e-Library | IMF Book Store Abstract: There is growing evidence that the yield spread could serve as a leading indicator of real economic activity. This paper is an attempt to test this hypothesis for the Indian economy by relating movements in the yield spread in the government securities market to movements in the index of industrial production. The results show that yield spread could, inter alia, be considered as a leading indicator of industrial activity in India.
There is growing evidence that the yield spread could serve as a leading indicator of real economic activity. This paper is an attempt to test this hypothesis for the Indian economy by relating movements in the yield spread in the government securities market to movements in the index of industrial production. The results show that yield spread could, inter alia, be considered as a leading indicator of industrial activity in India.
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