Boucher, Christophe; Derhy, Armand - In: Revue d'économie politique 121 (2011) 6, pp. 839-869
The paper considers forecasting regressions of US equities ?realized volatility? on two misalignment measures defined by the temporary deviations from the common trend between valuation ratios (earning-price and dividend-price) and current inflation. Results show that these misalignments are...