Andersson, Magnus (contributor); … - 2008
closely linked to the
business cycle than others, it should be possible, by breaking up the indices into
a sectoral … closely linked to the business cycle than
others. The intuition for this is given by Browne and Doran (2005), ”the return
from … making up the stock indices are more closely linked to
the business cycle than others. Applied to the euro area, this paper …