Chapter 08 - The Risk Structure of Interest Rates: Defaults, Prepayments, Taxes, and Other Rate-Determining Factorsb. Now locate the volume of “Nonfinancial Commercial Paper Outstanding” on the Fed’s Web site. Plot this information for the same time period.
: c. Visit the National Bureau of Economic Research (NBER) Web site at and locate the onset and end dates for any economic recessions that occurred in the U.S. economy over the past 10 years. Mark these dates on your graphs from parts (a) and (b) above.
d.What are your conclusions regarding how the corporate debt (commercial paper) market responds to economic recessions?