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Question
Estrella and Mishkin (1996) developed a somewhat successful model to predict whether the economy is going into recession using what variable?a. spread between the 10-year U.S. Treasury Inflation Protected Security and the 3-
month T-Bill.
b. spread between the 5-year U.S. Treasury Note and the 3-month T-Bill.
c. spread between the 10-year U.S. Treasury Note and the 3-month T-Bill.
d. spread between the 30-year U.S. Treasury Note and the 3-month T-Bill.
Answer
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