I analyze changes in apparel company stock prices when Michelle Obama wears designer outfits at public events. Company stock prices rise significantly when the First Lady wears their clothing, increasing about 1.7% in the week following her most closely watched appearances and by about half as...

I analyze changes in apparel company stock prices when Michelle Obama wears designer outfits at public events. Company stock prices rise significantly when the First Lady wears their clothing, increasing about 1.7% in the week following her most closely watched appearances and by about half as...

We perform a comprehensive examination of the recursive, comparative predictive performance of a number of linear and non-linear models for UK stock and bond returns. We estimate Markov switching, threshold autoregressive (TAR), and smooth transition autoregressive (STR) regime switching models,...

We perform a comprehensive examination of the recursive, comparative predictive performance of a number of linear and non-linear models for UK stock and bond returns. We estimate Markov switching, threshold autoregressive (TAR), and smooth transition autoregressive (STR) regime switching models,...

This paper gives an overview of some issues related to market valuation, 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...