We assess the contribution of macroeconomic uncertainty -- approximated by the dispersion of the real GDP survey forecasts -- to the ex post and ex ante prediction of stock price bubbles. For a panel of six OECD economies covering 24 years, two alternative binary chronologies of bubble periods...

In this paper we propose a new analysis of the association between the growth of the earnings per share (EPS) as reflected in analysts' forecasts, the book value of equity, the EPS and the market value of equity. Specifically, we motivate and introduce a new specification of the dynamics of the...