01573cas a2200253 a 4500 AALejournalIMF008154 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451851526 1018-5941 BD-DhAAL BD-DhAAL Goyal, Rajan. Yield Spread as a Leading Indicator of Real Economic Activity : An Empirical Exercise on the Indian Economy / Rajan Goyal, K. Kanagasabapathy. Washington, D.C. : International Monetary Fund, 2002. 1 online resource (20 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 There is growing evidence that the yield spread could serve as a leading indicator of real economic activity. This paper is an attempt to test this hypothesis for the Indian economy by relating movements in the yield spread in the government securities market to movements in the index of industrial production. The results show that yield spread could, inter alia, be considered as a leading indicator of industrial activity in India. Mode of access: Internet Kanagasabapathy, K. IMF Working Papers; Working Paper ; No. 2002/091 Full text available on IMF http://elibrary.imf.org/view/journals/001/2002/091/001.2002.issue-091-en.xml IMF e-Library