This paper uses long-run real price and dividends series to investigate for the German stock market the questions asked …

a large empirical literature from the 1950's and 60's, that it is necessary to distinguish the response of price to an … two models that can potentially explain these findings. Both break the link between price and marginal cost, thereby … second is driven by firms pricing to limit non-price competition within their market …

We ask whether stock returns in France, Germany, Japan, the UK and the US are predictable by three instruments: the …

unconditional cross-sectional moments of household consumption growth and the moments of the risk-free rate, equity premium, price …-dividend ratio, and aggregate dividend and consumption growth. The model-implied risk-free rate and price-dividend ratio are …

investors. The latter finding fits with a number of theories, most notably Blanchard and Watson's (1982) rendition of stock-price …

research has shown it is negatively correlated with [delta Y{sub t+1}]. When Y[sub t] is a real stock price index and y[sub t …

important channel in this version of the model through which a country's price of exports affects the demand for its exports …

We analyze the relationship between asset price bubbles and systemic risk, using bank-level data covering almost thirty …