Recession Risk and the Excess Bond Premium
Abstract: In this FEDS Note, we evaluate the information content for recession risk of a component of credit spreads that is not directly attributable to expected default risk and thus to news about future cash flows.
File(s): File format is text/html https://www.federalreserve.gov/econresdata/notes/feds-notes/2016/recession-risk-and-the-excess-bond-premium-20160408.html
Part of Series: FEDS Notes
Publication Date: 2016-04-08