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- W3122533497 abstract "A number of authors have identified a small set of economic variables which can predict excess US stock and bond returns. In this paper we extend these results by estimating models for Germany, Japan, the UK and the US which include both financial and ‘technical’ variables, and achieve a much higher degree of explanatory power than in earlier studies. In particular we find – a role for the change in the term structure of interest rates in predicting equity returns; that the ‘technical’ variables have a role in predicting both bond and equity returns; and that there is strong seasonality in both the bond and stock markets of the UK." @default.
- W3122533497 created "2021-02-01" @default.
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- W3122533497 date "1992-01-01" @default.
- W3122533497 modified "2023-09-26" @default.
- W3122533497 title "International evidence for the predictability of bond and stock returns" @default.
- W3122533497 hasPublicationYear "1992" @default.
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