The paper theoretically investigates housing cycle and inverted yield curve and empirically tests the result of combined prediction of economic recession by these two variables.

本文对房地产周期与收益率曲线反转对经济衰退的预测两个变量的联合预测进行了理论探讨和实证检验。

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An "inverted" curve, with short rates above long ones, is usually seen as a herald of recession, as it turned out to be before the credit crunch.

反转的收益率曲线，也就是短期收益率处于长期收益率上方，通常被当做是经济衰退的预兆，在次贷危机爆发之前收益率曲线的形状就是这样的。

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Based on pulse test, the pulse response curve and flow recession curve are analysed for studying the structure of karst aquifer medium.

通过脉冲试验，采用测站脉冲响应曲线及流量衰减曲线分析，对后寨河流域含水介质结构进行了研究。

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Most people believe that an inverted yield curve heralds a recession, and right now we have an inverted yield curve at the point where new money is supposed to enter the economy.

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Only an inverted yield curve would signal recession.

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But does all the previous reluctance of central bankers to act have them so far behind the curve of a potential global recession that by the time the actions are announced, implemented and begin to have an effect, it will be too late?

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