asset wealth and labour income, wy, predict both future stock and bond returns in the Euro Area. Consequently, it can be …

trend relationship among consumption, aggregate wealth, and labour income, cay, and three major sources of risk: future … changes in the housing consumption share, cr, future labour income growth, lr, and future consumption growth, lrc. Using a VAR …

deviations from the common trend among consumption, aggregate wealth, and labour income, cay, and focus on the implications for …

deviations from the common trend among consumption, aggregate wealth, and labour income, cay, and focus on the implications for …

consumption, aggregate wealth, and labour income should predict both stock returns and government bond yields. We use data for …

deviations from the common trend among consumption, aggregate wealth, and labour income, cay, and focus on the implications for …

consumption, aggregate wealth, and labour income should predict both stock returns and housing returns. We use quarterly data for …

consumption, aggregate wealth, and labour income should predict both stock returns and housing returns. We use quarterly data for …

deviations from the common trend among consumption, aggregate wealth, and labour income, cay, and focus on the implications for …

and a smooth-transition regression. The quantile regression technique highlights that: (i) the income and the interest …