Predicting Output Using the Entire Yield Curve

yield curve for real output by jointly modeling real GDP growth and the yield curve using the dynamic yield curve model proposed by Diebold and Li (2006) (hereafter DL(2006)). This model, which I refer to as the \NS dynamic yield curve model" for the purpose of this study, is based on the Nelson and Siegel (1987) three-latent-factor framework. ................
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