The yield spread between long-term and short-term Treasury securities is known to be a good predictor of economic activity, particularly of looming recessions. One way to learn more is through a ...
It is conventional wisdom that the reduced form Phillips curve has become flatter in recent decades. Accordingly, we show that the statistical relationship between changes in U.S. inflation and ...
The slope of the yield curve in the US has inverted in recent months, making long-term debt significantly cheaper than short-term debt. This inversion is a gauge of investors’ confidence in the ...
The predictive power of the yield curve is a widely accepted causal narrative, but history shows that the causal correlation between long and short rates is actually quite weak. While long and short ...
Editor's Note: The turmoil that the COVID-19 pandemic has wrought has hammered nearly every corner of the economy, already pushing the world to the edge of a recession. In May of 2018, ThinkAdvisor ...
The following is a guest editorial by Brian P. Coppola, Arthur F. Thurnau Professor and associate chair for educational development and practice in the department of chemistry at the University of ...