Stock Returns and Expected Business Conditions: Half a Century of Direct Evidence
收藏NBER2005-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w11736
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资源简介：
We explore the macro/finance interface in the context of equity markets. In particular, using half a century of Livingston expected business conditions data we characterize directly the impact of expected business conditions on expected excess stock returns. Expected business conditions consistently
提供机构：
美国国家经济研究局
创建时间：
2005-11-01
