Purpose: The purpose of this paper is, to study macroeconomic risk factors driving the expected stock returns of listed private equity (LPE). The authors use LPE indices divided into different styles and regions from January 2004 to December 2016 and a set of country stock indices to estimate...

Summary The paper uses German annual data covering the period 1969-2000 to present evidence on the link between aggregate inflation and the skewness of the distribution of relative price changes. Our empirical results are mixed. Our regression-based analyses suggest that the skewness of the...

Abstract It is often argued that the globalisation of the world economy might have contributed to an increased instability of real economic activity, in particular for small open economies. At the same time, there is evidence that the volatility of real economic activity might in fact have been...