Gomes, João (contributor); Kogan, Leonid (contributor); … - 2007 - Rev.
"The demand for durable goods is more cyclical than that for nondurable goods and services. Consequently, the cash flow ….7 Predictability of Cash-Flow Volatility
Differences in the conditional risk of the PCE portfolios are difficult to isolate based on … rates and news about industry-specific cash flows. In Table 5,
we therefore examine evidence for the predictability of cash-flow …