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Which Government Bond Spread Predicts the Future Economic Growth the Best?

The result's identifiers

  • Result code in IS VaVaI

    <a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F16%3A00091065" target="_blank" >RIV/00216224:14560/16:00091065 - isvavai.cz</a>

  • Result on the web

  • DOI - Digital Object Identifier

Alternative languages

  • Result language

    angličtina

  • Original language name

    Which Government Bond Spread Predicts the Future Economic Growth the Best?

  • Original language description

    The spread between long term and short term interest rates is a valuable forecasting tool. The steepness of the yield curve should be an excellent indicator of a possible future economic activity. A rise in the short rate tends to flatten the yield curve as well as to slow down real economic growth the near term. The relationship between the spread and future GDP activity was proved already before. One question remains – which spread is the best for the future prediction? Is it the spread between sovereign 10-year bonds and 3-month bonds or 15-year and 3- month or 10-year and 1-year sovereign bonds? This paper aimed to analyze which spread is the most suitable for predicting of future economic growth in countries of V4 (Czech Republic, Hungary, Poland, Slovakia) between the years 2000 and 2015. We proved that in these selected countries the best spread is a spread of 5-year and 3-month government bonds. The second best spread is spread of 5-year and 1-year government bonds.

  • Czech name

  • Czech description

Classification

  • Type

    D - Article in proceedings

  • CEP classification

    AE - Management, administration and clerical work

  • OECD FORD branch

Result continuities

  • Project

  • Continuities

    S - Specificky vyzkum na vysokych skolach

Others

  • Publication year

    2016

  • Confidentiality

    S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Data specific for result type

  • Article name in the collection

    Proceedings of the 3rd International Conference on European Integration 2016

  • ISBN

    9788024839110

  • ISSN

  • e-ISSN

  • Number of pages

    7

  • Pages from-to

    376-382

  • Publisher name

    VŠB - Technical University of Ostrava

  • Place of publication

    Ostrava

  • Event location

    Ostrava

  • Event date

    Jan 1, 2016

  • Type of event by nationality

    EUR - Evropská akce

  • UT code for WoS article