Campbell Harvey, Professor of Finance, Fuqua School of Business, Duke University
Alpha Exchange
00:00
The Inverted Yill Curve Predicts Recessions
The inverted yill curve was used to predict recessions in the early eighties. The idea that you can use asset prices to extract expectations is an idea that doesn't go away. And much recent research in finance and economics is realy focusing on those expectations. It's weird that so many s later, we're still talking about my dissertation and vertidil curves predictove recessions.
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