The paper theoretically investigates housing cycle and inverted yield curve 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 yield curve is inverted (short rates are above long ones) are less common.

收益曲线反转(短期利率高于长期利率)的时候很少出现。

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So, when the interest rate on 90-day T-bills is below the IOR rate, for practical purposes we have an inverted yield curve.

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He also cites big runups in gold and commodity prices, as well as a steeply inverted yield curve, as harbingers of inflation's resurgence.

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This has led to an oddity what is dubbed an inverted yield curve: yields on long-term bonds have fallen below those of shorter-dated ones (which have barely budged).

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