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activity in a small open economy in the euro area. We aim to clarify potential differences in forecasting economic activity …
Persistent link: https://www.econbiz.de/10010875032
Based on a recursive forecasting approach, this research studies whether macro- economic factors help to forecast … included in the optimal forecasting model, that their relative importance often differs from their importance for forecasting a … broad stock-market index, and that their informational content for forecasting excess returns seems to undergo temporal …
Persistent link: https://www.econbiz.de/10010927776
Цель статьи заключается в исследовании возможностей прогнозирования тенденций мировых фондовых рынков и определении их влияния на развитие реального сектора...
Persistent link: https://www.econbiz.de/10011271206
Economic outcomes in Jamaica have fallen short of the authorities’ objectives in recent years. As the government looks to reinvigorate its growth and debt reduction strategy, it is instructive to examine how exogenous shocks and other unanticipated developments can affect economic...
Persistent link: https://www.econbiz.de/10011245592
Persistent link: https://www.econbiz.de/10005711973
Persistent link: https://www.econbiz.de/10005712007
This paper studies the correlation between output growth and lagged stock returns in a panel of emerging market economies and advanced economies. It finds that the correlation is as strong in emerging market economies as in advanced economies. Asset prices therefore contain valuable information...
Persistent link: https://www.econbiz.de/10005769095
Using symmetric data sets of 92 weekly return observations before and after the introduction of the euro, the paper analyzes the impact of the new currency on the return structure of equity markets in the European Monetary Union. Variance decompositions, cluster analyses, and principle component...
Persistent link: https://www.econbiz.de/10005769273
This paper gives an overview of some issues related to market aluation, focusing on the developments on the New York equity markets. The 42.4 p.c. fall in the S&P 500 price index between 24 March 2000 - when it reached its all-time high - and 31 December 2002 is situated in a very long term...
Persistent link: https://www.econbiz.de/10005125064
This paper analyzes the recommendations of common stocks made by the investment newsletters followed by the Hulbert Financial Digest. We conclude that, taken as a whole, the securities that newsletters recommend do not outperform appropriate benchmarks. Our data provide modest evidence that the...
Persistent link: https://www.econbiz.de/10005420631