Chousa, Juan Piñeiro; Tamazian, Artur; Melikyan, Davit N. - William Davidson Institute, University of Michigan - 2008
.2) include proxies for business cycles, domestic market demand as well as
bond yields, traded volume of stocks, and foreign … in financial economics and the historical European Economic and Monetary
union experience. Their study aims to examine …
returns that are related to estimates of the underlying state of the business cycle (see
Chauvet and Potter, 2000; Hamilton …