Predictable Stock Returns in the United States and Japan: A Study of Long-Term Capital Market Integration
收藏NBER1989-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3191
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资源简介：
This paper studies the predictability of monthly excess returns on equity portfolios over the domestic short-term interest rate in the U.S. and Japan during the period 1971:1-1989:3. The paper finds that similar variables, including the dividend-price ratio and interest rate variables, help to
提供机构：
美国国家经济研究局
创建时间：
1989-12-01
