Andersen, Torben; Bollerslev, Tim; Diebold, Francis X.; … - 2004
exceptions to this single market approach are Fair (2003) who examines the joint movements
in stock, bond and equity markets … link between macroeconomic fundamentals and the bond
market, with unexpected increases in real activity and inflation ….g., the discussion in Engle (2002).
-3-
The nature of the link between macroeconomic fundamentals and the stock market is less …