Stock Return Predictability: Is it There?
收藏NBER2001-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w8207
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资源简介：
We ask whether stock returns in France, Germany, Japan, the UK and the US are predictable by three instruments: the dividend yield, the earnings yield and the short rate. The predictability regression is suggested by a present value model with earnings growth, payout ratios and the short rate as
提供机构：
美国国家经济研究局
创建时间：
2001-04-01
