The paper theoretically investigates housing cycle and invertedyieldcurve and empirically tests the result of combined prediction of economic recession by these two variables.
本文对房地产周期与收益率曲线反转对经济衰退的预测两个变量的联合预测进行了理论探讨和实证检验。
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Periods when the yieldcurve is inverted (short rates are above long ones) are less common.