Advanced Search
MyIDEAS: Login to save this article or follow this journal

The Information Content of the Paper-Bill Spread: The Case of Canada

Contents:

Author Info

  • Bradley T. Ewing

    (Texas Tech University)

  • Farooq Malik

    (Texas Tech University)

Abstract

Considerable attention has been given to examining the information content of the paper-bill spread in terms of predicting U.S. real economic activity. However, the results have been mixed. This paper examines the robustness of the paper-bill spread as an indicator variable of real output growth by studying Canadian data. This study uses the newly developed generalized forecast error variance decomposition technique [Koop, et al. (1996), Pesaran and Shin (1998)]. The results indicate that the information content of the paper-bill spread in Canada is non-trivial even when the performance of the U.S. economy is taken into account. Moreover, Canadian economic activity may not be tied directly to how well the U.S. is performing per se, but is instead significantly effected by unexpected changes to the growth rate of U.S. real output.

Download Info

To our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.

Bibliographic Info

Article provided by Missouri Valley Economic Association in its journal The Journal of Economics.

Volume (Year): 26 (2000)
Issue (Month): 2 ()
Pages: 73-86

as in new window
Handle: RePEc:mve:journl:v:26:y:2000:i:2:p:73-86

Contact details of provider:
Web page: http://www.mvea.net
More information through EDIRC

Related research

Keywords:

Find related papers by JEL classification:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:mve:journl:v:26:y:2000:i:2:p:73-86. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ken Brown).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.