Unformatted text preview: 2. Estrella and Mishkin state that their study differs from earlier studies in two aspects. What are the two aspects? 3. How, according to Estrella and Mishkin, do the four variables considered in their study perform in forecasting recessions? 4. What are the two reasons given by Estrella and Mishkin to explain why the Yield curve might have provided a weaker signal of the 1990-91 recession?...
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This note was uploaded on 02/13/2012 for the course ECON 423 taught by Professor Vd during the Spring '08 term at UNC.
- Spring '08