Harris, Richard D.F.; Sanchez-Valle, Rene - In: Journal of Business Finance & Accounting 27 (2000-05) 3&4, pp. 333-357
A number of financial variables have been shown to be effective in explaining the time-series of aggregate equity returns in both the UK and the US. These include, "inter alia", the equity dividend yield, the spread between the yields on long and short government bonds, and the lagged equity...