Univariate vs. Multivariate Forecasts of GNP Growth and Stock Returns: Evidence and Implications for the Persistence of Shocks, Detrending Methods
收藏NBER1990-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3427
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资源简介：
Lagged GNP growth rates are poor forecasts of future GNP growth rates in postwar US data, leading to the impression that GNP is nearly a random walk. However, other variables, and especially the lagged consumption/GNP ratio, do forecast long-horizon GNP growth, and show that GNP has temporary
提供机构：
美国国家经济研究局
创建时间：
1990-09-01
