Related Books
Language: en
Pages: 26
Pages: 26
Type: BOOK - Published: 2014 - Publisher:
Using a state-space model, this paper examines time-variation in the predictive regressions for stock returns, dividend growth and consumption growth. Moreover,
Language: en
Pages: 48
Pages: 48
Type: BOOK - Published: 2014 - Publisher:
This paper links variation in the predictive regressions for stock returns, dividend growth and consumption growth to economic and market factors. The nature of
Language: en
Pages: 346
Pages: 346
Type: BOOK - Published: 2013-06-29 - Publisher: Springer Science & Business Media
Wolfgang Drobetz provides empirical evidence on the time variation of expected stock returns over the stages of the business cycle.
Language: en
Pages:
Pages:
Type: BOOK - Published: 2014 - Publisher:
Language: en
Pages: 76
Pages: 76
Type: BOOK - Published: 1995 - Publisher:
We present a consumption-based model that explains the procyclical variation of stock prices, the long-horizon predictability of excess stock returns, and the c