« The Case Against Wal-Mart | Main | Don't Like the Estate Tax? Don't Enforce It »

Tuesday, July 25, 2006

The Odd Shape of the Yield Curve

David Altig has a reading assignment for you:

A Hat Tip, Nothing More, by David Altig:I really can't add much to Jim Hamilton's wonderfully clear exposition of the yield curve, the expectations hypothesis of the term structure, and what it all might mean in the current economic environment beyond advising you to go read it.  Extra cool points are awarded for the link to the "recession predictor" at Political Calculations, an interactive program based on research by the Federal Reserve Board's Jonathon Wright that allows you to plug in relevant information about the Treasury yield curve and receive, free-of-charge, an estimate of the probability of recession arriving within in a year.  It's been around for awhile, so I somehow missed it the first time around.  To atone, you will henceforth find the path to the recession predictor in the "Useful Links" list of this weblog.

    Posted by on Tuesday, July 25, 2006 at 11:21 AM in Economics | Permalink  TrackBack (0)  Comments (1)

    TrackBack

    TrackBack URL for this entry:
    https://www.typepad.com/services/trackback/6a00d83451b33869e200d834db1cd469e2

    Listed below are links to weblogs that reference The Odd Shape of the Yield Curve:


    Comments

    Feed You can follow this conversation by subscribing to the comment feed for this post.