Showing 1 - 10 of 160
The debate regarding rising temperatures and CO2 emissions has attracted the attention of economists employing recent econometric techniques. This paper extends that literature through using a dataset that covers 800,000 years, as well as a shorter dataset, and examines the interaction between...
Persistent link: https://www.econbiz.de/10013111592
This paper examines the predictability of a range of international stock markets where we allow the presence of both local and global predictive factors. Recent research has argued that US returns have predictive power for international stock returns. We expand this line of research, following...
Persistent link: https://www.econbiz.de/10011487829
The nature of the relation between stock returns and the three monetary variables of interest rates (bond yields), inflation and money supply growth, while oft studied, is one that remains unclear. We argue that the nature of the relation changes over time, and this variation is largely driven...
Persistent link: https://www.econbiz.de/10012813273
Understanding the behaviour of the equity yield and its relation to the bond yield is important for portfolio managers and those engaged in modelling the interaction between asset classes. During the mid-1900s, the equity yield-which was previously greater than the bond yield-declined, while the...
Persistent link: https://www.econbiz.de/10011963922
Persistent link: https://www.econbiz.de/10012156853
Persistent link: https://www.econbiz.de/10014326656
This paper examines the predictability of a range of international stock markets where we allow the presence of both local and global predictive factors. Recent research has argued that US returns have predictive power for international stock returns. We expand this line of research, following...
Persistent link: https://www.econbiz.de/10011559218
Understanding the behaviour of the equity yield and its relation to the bond yield is important for portfolio managers and those engaged in modelling the interaction between asset classes. During the mid-1900s, the equity yield-which was previously greater than the bond yield-declined, while the...
Persistent link: https://www.econbiz.de/10011996138
The current economic crisis has witnessed a strong deceleration in the growth of international trade. This has been even greater in the cases of the European Union and the eurozone, where the rates of export growth have even reached negative figures. In this paper, the authors examine to which...
Persistent link: https://www.econbiz.de/10012120810
This paper examines the nature of the correlation between (real) equity and bond returns for the G7 markets. From the standpoint of established finance theory, we would expect a positive returns correlation, however, evidence has been presented to suggest that a negative correlation occurs over...
Persistent link: https://www.econbiz.de/10014522949