Guo, Hui (contributor); Savickas, Robert (contributor) - 2005
the predictive power of these variables for output and inflation.
2
In contrast with most early authors, we document …, show that many financial variables forecast
fundamentals such as GDP growth and inflation. For illustration, we assume … growth in most
foreign countries and LMV is also significant in Germany, Japan, and the U.K.
8
By contrast, the
predictive …