The Predictive Power of Yield Spreads for Future Interest Rates: Evidence from the Danish Term Structure
研究了丹麦债券市场中收益率利差对未来短期利率的预测能力，发现利差包含未来利率变动的信息，对投资者和央行有参考价值。
Tom Engsted, Carsten Tanggaard, The Predictive Power of Yield Spreads for Future Interest Rates: Evidence from the Danish Term Structure, The Scandinavian Journal of Economics, Vol. 97, No. 1 (Mar., 1995), pp. 145-159