Results 1 - 17 of 17 for yield curve has inverted signaling [Publication: Review]
Strengthening the Case for the Yield Curve as a Predictor of U.S. Recessions - Review
Past experience has led financial market participants to believe that future interest rates will be closely related to the performance of the economy. If so, the shape of the yield curve ought to summarize the implicit economic forecasts of a broad range of bond traders.
Can the Term Spread Predict Output Growth and Recessions? A Survey of the Literature - Review
This article surveys recent research on the usefulness of the term spread (i.e., the difference between the yields on long-term and short-term Treasury securities) for predicting changes in economic activity.
This article was prepared for the Homer Jones Lecture, Federal Reserve Bank of St. Louis, March 28, 2001. The author addresses the influence of monetarism and the role of money in making monetary policy. The monetarist idea that monetary policy has primary responsibility for inflation is now conventional wisdom.
research.stlouisfed.org/publications/review/2001/09/01/does-money-matter
Commentary on "Macroeconomic Implications of Changes in the Term Premium" - Review
Commentary on "Macroeconomic Implications of Changes in the Term Premium" by Glenn D. Rudebusch, Brian P. Sack, and Eric T. Swanson.
Challenges in Macro-Finance Modeling - Review
This article discusses various challenges in the specification and implementation of "macro-finance" models in which macroeconomic variables and term structure variables are modeled together in a no-arbitrage framework. The author classifies macro-finance models into pure latent-factor models ("internal basis models") and models that have observed macroeconomic variables as state variables ("external basis models") and examines the underlying assumptions behind these models.
research.stlouisfed.org/publications/review/2009/10/21/challenges-in-macro-finance-modeling
This article examines empirical issues associated with whether M2+ would be useful in the conduct of monetary policy.
A Guide to Tracking the U.S. Economy - Review
Analyzing and forecasting the performance and direction of a large, complex economy like that of the United States is a difficult task. The process involves parsing a great deal of data, understanding key economic relationships, and assessing which events or factors might cause monetary or fiscal policymakers to change policy.
research.stlouisfed.org/publications/review/2014/03/13/a-guide-to-tracking-the-u-s-economy
This article is based on the Homer Jones Memorial Lecture delivered at the Federal Reserve Bank of St. Louis, November 2, 2023.
research.stlouisfed.org/publications/review/2024/01/10/the-last-mile
Disentangling Diverse Measures: A Survey of Financial Stress Indexes - Review
The recent financial crisis helped emphasize the need for measures of financial conditions. In the wake of the crisis, several researchers and institutions—both private sector and central bank—developed measures of financial stress.
research.stlouisfed.org/.../04/disentangling-diverse-measures-a-survey-of-financial-stress-indexes
Editors' Introduction - Review
An overview of this Review issue.
research.stlouisfed.org/publications/review/2006/07/01/editors-introduction
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