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Real-Time Macroeconomic Data and Ex Ante Predictability of Stock Returns

Döpke, Jörg - 2016

Persistent link: https://www.econbiz.de/10012991193

Stock market dispersion, sectoral shocks, and the German business cycle

Döpke, Jörg - 2000

Persistent link: https://www.econbiz.de/10013261073

Inflation and the skewness of the distribution of relative price changes : empirical evidence for Germany

Döpke, Jörg - 2001

Persistent link: https://www.econbiz.de/10013261157

Sources of predictability of European stock markets for high-technology firms

Pierdzioch, Christian - 2005

Persistent link: https://www.econbiz.de/10013261421

Financial Openness and Business Cycle Volatility

Pierdzioch, Christian; Döpke, Jörg; Buch, Claudia M. - 2002

volatility depends on the nature of the underlying shock. Empirical evidence supports this conclusion. Our results also show that … the link between business cycle volatility and financial openness has not been stable over time. …

Persistent link: https://www.econbiz.de/10010260514

The Integration of Imperfect Financial Markets: Implications for Business Cycle Volatility

Buch, Claudia M.; Pierdzioch, Christian - 2003

frictions for business cycle volatility. In our empirical analysis, we demonstrate that stylised facts suggest that countries … with more developed financial systems have lower business cycle volatility. Financial openness has no strong impact on … business cycle volatility, in contrast. In our theoretical analysis, we use a dynamic general equilibrium model to study the …

Persistent link: https://www.econbiz.de/10010260621

Globalisierung und Konjunkturzyklen

Buch, Claudia M.; Döpke, Jörg; Pierdzioch, Christian - In: Wirtschaftsdienst 84 (2004) 1, pp. 59-64

Oft wird befürchtet, dass die Globalisierung zu einer erhöhten Schwankungsanfälligkeit besonders kleiner offener Volkswirtschaften führen könnte. Auch wird vermutet, dass die nationalen Konjunkturzyklen im Zeitalter der Globalisierung synchroner verlaufen als zuvor. Sind diese Vermutungen...

Persistent link: https://www.econbiz.de/10010303077

Sources of Predictability of European Stock Markets for High-Technology Firms

Pierdzioch, Christian; Schertler, Andrea - 2005

We study return predictability of stock indexes of blue chip firms and smaller hightechnology firms in Germany, France …

Persistent link: https://www.econbiz.de/10010260517

Underpricing and Index Excess Returns

Nippel, Peter; Pierdzioch, Christian; Schertler, Andrea - 2005

We study the link between underpricing of initial public offerings (IPOs) and index excess returns in secondary markets. We use a theoretical model to argue that underpricing of IPOs raises investors' attention and, thereby, triggers investments in secondary markets. Our theoretical model...

Persistent link: https://www.econbiz.de/10010260538

Investing in European Stock Markets for High-Technology Firms

Pierdzioch, Christian; Schertler, Andrea - 2005

We used a recursive modeling approach to study whether investors could, in real time, have used information on the comovement of stock markets to forecast stock returns in European stock markets for high-technology firms. We used weekly data on returns in the Neuer Markt, the Nouveau Marché,...

Persistent link: https://www.econbiz.de/10010260542