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Harvey's 1986 thesis showed that information stylish the term bodily structure of interest rates was linked to future growth of the economy. When short-term rates were higher than semipermanent rates (an anatropous yield curve), recessions followed.Alma mater: , Awards: Influences: , Nationality:
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William Harvey is professor of finance at duke university and A former president of the american finance association.
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What did Campbell Harvey do with his thesis?
Harvey's 1986 thesis showed that information in the term structure of interest rates was linked to future growth of the economy.
What was Campbell Harvey's thesis on interest rates?
Harvey's 1986 thesis showed that information in the term structure of interest rates was linked to future growth of the economy. When short-term rates were higher than long-term rates (an inverted yield curve), recessions followed.
How did Campbell Harvey study the yield curve?
In 1986, Campbell Harvey published his dissertation linking yield curve inversions (rare situations when short-term interest rates exceed long-term rates) to recessions. He studied the four recessions from the 1960s to 1980s and his indicator proved to be accurate.
Last Update: Oct 2021
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