01742cas a2200253 a 4500 AALejournalIMF008053 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451842524 1018-5941 BD-DhAAL BD-DhAAL Chan-Lau, Jorge. The Corporate Spread Curve and Industrial Production in the United States / Jorge Chan-Lau, Iryna Ivaschenko. Washington, D.C. : International Monetary Fund, 2002. 1 online resource (44 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The term structure of domestic investment grade bond spreads - or corporate spread curve - contains useful information to predict future changes in industrial production, beyond the information already contained in interest rates, commercial paper-treasury bill spreads, and lagged values of industrial production. In fact, the corporate spread curve can explain the cumulative growth rate of industrial production over 3- to 48-month horizons, and the marginal growth rate over 6- to 18-month horizons. Unlike other financial variables, the corporate spread curve has been a stable predictor of real activity for the last fifteen years. Mode of access: Internet Ivaschenko, Iryna. IMF Working Papers; Working Paper ; No. 2002/008 Full text available on IMF http://elibrary.imf.org/view/journals/001/2002/008/001.2002.issue-008-en.xml IMF e-Library