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- W107003358 abstract "Based on a recursive forecasting approach, this research studies whether macro- economic factors help to forecast excess returns on a real-estate-based German stock market index. Key findings are that macroeconomic factors are often included in the optimal forecasting model, that their relative importance often differs from their importance for forecasting a broad stock-market index, and that their informational content for forecasting excess returns seems to undergo temporal shifts. This research also finds evidence of market timing." @default.
- W107003358 created "2016-06-24" @default.
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- W107003358 date "2012-01-01" @default.
- W107003358 modified "2023-09-28" @default.
- W107003358 title "Macroeconomic Factors and the German Real Estate Market: A Stock-Market-Based Forecasting Experiment" @default.
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