In Search of Leading Indicator Property of Yield Spread for India: An Approach Based on Quantile and Wavelet Regression

Table 2

Estimation results of output growth and inflation prediction using yield spread.

Months	Coefficient	Output growth	Inflation
= 2		−0.15 (0.19)	0.04 (0.04)
		0.00	−0.00
= 4		−0.09 (0.19)	−0.01 (0.04)
		−0.00	−0.00
= 6		−0.01 (0.20)	−0.05 (0.05)
		−0.00	0.00
= 8		0.06 (0.22)	0.04 (0.07)
		−0.00	−0.00