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information content of a pool of variables. Results using quarterly data for France, Germany, Italy and the United Kingdom show …
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industrial production growth in France, Germany, and Italy. The analysis is carried out for two sets of forecasts whose main …
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This paper aims at decomposing the forecast error variance of excess returns in five major European stock markets into the variance of news about future excess returns, dividends and real interest rates. Special emphasis is given on the issue of stationarity and structural breaks in the...
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