Join our mailing list!
(Your shopping cart is empty)
Diane Publishing Books
News in Financial Asset Returns: A Reprint from the “Economic Review”
Gerald P. Dwyer, Jr. (au); Cesare Robotti (au)
The notion that financial asset returns (FAR) are predictors of future economic activity (FEA) is widespread, but detailed analyses provide little support for financial markets’ ability to reveal FEA. This article explores the notion that FAR reveal useful info. about FEA, & examines & answers two questions: (1) What is a good way of extracting info. about FEA from asset prices? (2) Do FAR help predict FEA over horizons from one month to five years? The authors construct a method of extracting the news about FEA from FAR. They use linear regressions to relate the unexpected parts of FEA & the asset’s return to actual economic activity & the actual FAR. Movements in financial markets do presage developments in the economy. Ill.
In the Combat Zone: Special Forces Since 1945
Karluk: The Great Untold Story of Arctic Exploration
Share your knowledge of this product with other customers...
Be the first to write a review
Diane Publishing Co
PO Box 617
Darby, PA 19023-0617
Become an Affiliate
Send Us Feedback
Copyright ï¿½ 2004 Diane Publishing Company. All Rights Reserved.