Chortareas, Georgios; Noikokyris, Emmanouil - In: International Review of Economics & Finance 29 (2014) C, pp. 639-649
We estimate the effects of oil supply and demand shocks on the U.S. dividend yield components (dividend growth, real interest rate, subjective equity premium and mispricing), as they emerge from a decomposition based on the Campbell and Vuolteenaho (2004a) framework. A positive relationship...