EconPapers    
Economics at your fingertips  
 

The Relation between the Term Structure of Interest Rates and Canadian Economic Growth

Campbell Harvey ()

Canadian Journal of Economics, 1997, vol. 30, issue 1, 169-93

Abstract: The Canadian bond market contains valuable information about the future real economic growth. These forecasts, which are based on a simple asset-pricing theory, are more accurate than the ones based on time-series models and compare favorably with professional forecasts. Significantly, the term structure of interest rates in Canada can forecast Canadian economic growth over and above the information contained in the U.S. term structure. In addition, evidence is presented that suggests that the Canadian term structure contains information relevant for forecasting the part of Canadian economic growth that is unrelated to the U.S. business cycle.

Date: 1997
References: Add references at CitEc
Citations: View citations in EconPapers (47)

Downloads: (external link)
http://links.jstor.org/sici?sici=0008-4085%2819970 ... RBTTS%3E2.0.CO%3B2-M (text/html)
only available to JSTOR subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cje:issued:v:30:y:1997:i:1:p:169-93

Ordering information: This journal article can be ordered from
https://www.economic ... ionen/membership.php

Access Statistics for this article

Canadian Journal of Economics is currently edited by Zhiqi Chen

More articles in Canadian Journal of Economics from Canadian Economics Association Canadian Economics Association Prof. Werrner Antweiler, Treasurer UBC Sauder School of Business 2053 Main Mall Vancouver, BC, V6T 1Z2. Contact information at EDIRC.
Bibliographic data for series maintained by Prof. Werner Antweiler ().

 
Page updated 2025-03-31
Handle: RePEc:cje:issued:v:30:y:1997:i:1:p:169-93