The Continuing Power of the Yield Spread in Forecasting Recessions

@inproceedings{TheCP,
  title={The Continuing Power of the Yield Spread in Forecasting Recessions},
  author={}
}
    The authors replicate the main results of Rudebusch and Williams (2009), who show that the use of the yield spread in a probit model can predict recessions better than the Survey of Professional Forecasters. Croushore and Marsten investigate the robustness of their results in several ways: extending the sample to include the 2007-09 recession, changing the… CONTINUE READING