Discussion Paper
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.
https://doi.org/10.17016/2380-7172.1739
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Bibliographic Information
Provider: Board of Governors of the Federal Reserve System (U.S.)
Part of Series: FEDS Notes
Publication Date: 2016-04-08
Number: 2016-04-08