The Chilean evidence indicates the possibility of predicting future aggregate stock returns.Compared with naive prediction strategies, it is possible to predict returns with significantly more, success, using lagged dividend yields and lagged interest. Results are partly interpreted as evidence...

Se estudia aquí la dependencia serial y la velocidad de ajuste a nueva información en base a retornos semanales de portafolios de acciones transadas en la Bolsa de Valores de Santiago de Chile agrupados por tamaño y volumen transado durante el período 1991-2000. Se estudian...

This article presents stylized facts regarding the behavior of the level and structure of interest rates in Chile. Some of the conclusions may be of general interest since:1) “Real” (CPI- indexed) interest rates are considered, which allows to analyze factors other than the expected...