Construct · 1 fields · 1 citations

excess bond premium: a standalone construct

One name. One construct. A landmark on the map.

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excess bondpremium1 CONSTRUCTExcess bond premiumGILCHRIST · MACROECONOMICS

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Macroeconomics

the part of corporate bond spreads not explained by expected default, read as investors' risk-bearing capacity and a predictor of downturns.

In macroeconomics, excess bond premium refers to the part of corporate bond spreads not explained by expected default, read as investors' risk-bearing capacity and a predictor of downturns. This meaning comes from Gilchrist (2012) in American Economic Review.[1]

Unit
Recovery means
Measured by

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Nearby constructs

bond2 fields · 2 citationsjingle · one word, two constructscapacity5 fields · 8 citationsjingle · one word, four limitsdefault3 fields · 3 citationsjingle · one word, three constructs

References

  1. Gilchrist, S., & Zakrajšek, E. (2012). Credit Spreads and Business Cycle Fluctuations. American Economic Review, 102(4), 1692-1720. https://doi.org/10.1257/aer.102.4.1692

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