title: Investigating the relationships between the yield curve, output and inflation using an arbitrage-free version of the Nelson and Siegel class of yield curve models

authors: Krippner, Leo

subjects: yield curve

abstract: This article provides a theoretical economic foundation for the popular Nelson and Siegel (1987) class of yield curve models (which has been absent up to now). This foundation also offers a new framework for investigating and interpreting the relationships between the yield curve, output and inflation that have already been well-established empirically in the literature. Specifically, the level of the yield curve as measured by the VAO model is predicted to have a cointegrating relationship with inflation, and the shape of the yield curve as measured by the VAO model is predicted to correspond to the profile (that is, timing and magnitude) of future changes in the output gap (that is, output growth less the growth in potential output). These relationships are confirmed in the empirical analysis on 50 years of United States data.

text: Investigating the relationships between the yield curve, output and inflation using an arbitrage-free version of the Nelson and Siegel class of yield curve models This article provides a theoretical economic foundation for the popular Nelson and Siegel (1987) class of yield curve models (which has been absent up to now). This foundation also offers a new framework for investigating and interpreting the relationships between the yield curve, output and inflation that have already been well-established empirically in the literature. Specifically, the level of the yield curve as measured by the VAO model is predicted to have a cointegrating relationship with inflation, and the shape of the yield curve as measured by the VAO model is predicted to correspond to the profile (that is, timing and magnitude) of future changes in the output gap (that is, output growth less the growth in potential output). These relationships are confirmed in the empirical analysis on 50 years of United States data.

year: 2005-02

title: Detection of thin tephra deposits in peat and organic lake sediments by rapid X-radiography and X-ray fluorescence techniques

authors: Lowe, David J.

abstract: This paper reports the application of the X-ray image process of X-radiography to unopened, small diameter organic sediment cores containing thin tephra deposits. Second, a rapid technique for detecting tephra layers in peat samples by X-ray fluorescence (XRF) analysis is described.

text: Detection of thin tephra deposits in peat and organic lake sediments by rapid X-radiography and X-ray fluorescence techniques This paper reports the application of the X-ray image process of X-radiography to unopened, small diameter organic sediment cores containing thin tephra deposits. Second, a rapid technique for detecting tephra layers in peat samples by X-ray fluorescence (XRF) analysis is described.

year: 1981

title: Bones | Iwi

authors: Apiata, Hāwea

abstract: Poetry written at Kāwhia featured in Issue 6 of The Quick Brown Dog Journal published by Hagley Writers' Institute, Christchurch, NZ.

text: Bones | Iwi Poetry written at Kāwhia featured in Issue 6 of The Quick Brown Dog Journal published by Hagley Writers' Institute, Christchurch, NZ.

year: 2024-03-08