Weder, Beatrice (contributor); Wedow, Michael (contributor) - 2002 - [Elektronische Ressource]
lagged growth rate as a
proxy for returns and the inflation rate and the current account balance as a proxy for
macroeconomic …
interest rate enters with the expected sign and is significant and the same is true for GDP
growth. The inflation rate has the ….64
(0.43) (0.23) (0.31) (-0.91)
Inflation (lagged)
b
-4 115.43 -9 698.08 1 417.88 894.03
(-0.31) (-1.17) (1.05) (0 …