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The Leading Indicator Property of the Term Spread and the Monetary Policy Factors in Japan

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Nakaota, Hiroshi, Fukuta, YuichiGraduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University2013-07Discussion Papers In Economics And Business13-09-Rev.p.1-21

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Subject Heading...roperty of the term spread LIPTS term spread future economic activity mone...
Note (General)...roperty of the term spread (LIPTS), which......cates that the term spread—the difference...... show that the term spread has the predic......ecomposing the term spread into three parts; one is expl...

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