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1. 1. Corporate Bond Spreads as a Predictor of Euro Area GDP: Testing the Financial Accelerator at the Sector Level

   University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

   Author : Nina Bengtsson; Frida Sellberg; [2010]
   Keywords : financial accelerator; corporate bond spread; external finance premium; forecasting; euro area;

   Abstract : We study the predictive power of corporate bond spreads over real economic activity within the framework of the financial accelerator theory. Previous research has confirmed this relationship but there is a gap in the literature concerning classifications of corporate bonds other than credit rating and bond maturity. READ MORE