News Shocks and the Slope of the Term Structure of Interest Rates: Comment
Danilo Cascaldi-Garcia ()
American Economic Review, 2017, vol. 107, issue 10, 3243-49
Kurmann and Otrok (2013) establish that the effects on economic activity from news on future productivity growth are similar to the effects from unexpected changes in the slope of the yield curve. This comment shows that these results become substantially weaker in the light of a recent update in the utilization-adjusted total factor productivity series produced by Fernald (2014).
JEL-codes: E23 E32 E43 E52 G12 G14 (search for similar items in EconPapers)
Note: DOI: 10.1257/aer.20160547
References: Add references at CitEc
Citations View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
https://www.aeaweb.org/articles/attachments?retrie ... aXNOgTsd0yHDuJtyZpBL (application/zip)
https://www.aeaweb.org/articles/attachments?retrie ... YHPyUalNe-WNsTcsnc4a (application/zip)
Access to full text is restricted to AEA members and institutional subscribers.
Working Paper: News Shocks and the Slope of the Term Structure of Interest Rates: Comment (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:aea:aecrev:v:107:y:2017:i:10:p:3243-49
Ordering information: This journal article can be ordered from
Access Statistics for this article
American Economic Review is currently edited by Esther Duflo
More articles in American Economic Review from American Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Michael P. Albert ().