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From late 2008 to 2017, oil and equity returns were more positively correlated than in other periods. In addition, we show that both oil and equity returns became more responsive to macroeconomic news. We provide empirical evidence and theoretical justification that these changes resulted from...
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the Bank of Canada, the The Organisation for Economic Co-operation and Development (OECD), and the survey collected by … Canada dramatically improves its predictive accuracy, mainly because of the absence of timely production data for Canada …. Moreover, Statistics Canada produces a monthly real GDP measure along with the quarterly one, and we show how to modify the …
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