The effect of uncertainty on the information content of term spread and its components
Purpose – This paper aims to investigate the impact of uncertainty on the predictive power of term spread and its components for future stock market returns and economic activity in Korea and the USA. This paper finds that the stock market’s expected excess return and growth of economic activity are...
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| Format: | Article |
| Language: | English |
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Emerald Publishing
2021-03-01
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| Series: | Seonmul yeongu |
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| Online Access: | https://www.emerald.com/insight/content/doi/10.1108/JDQS-08-2020-0021/full/pdf?title=the-effect-of-uncertainty-on-the-information-content-of-term-spread-and-its-components |