Stock returns and expected business conditions: Half a century of direct evidence

Journal of Business and Economic Statistics

Volumn 27, Issue 2, 2009, Pages 266-278

  Campbell, Sean D ^a   Diebold, Francis X ^b,c  

^a FEDERAL RESERVE BOARD   (United States)

^b UNIVERSITY OF PENNSYLVANIA   (United States)

^c NATIONAL BUREAU OF ECONOMIC RESEARCH   (United States)

Author keywords

Business cycle; Equity premium; Expected equity returns; Livingston survey; Prediction; Risk aversion; Risk premium

Indexed keywords

EID: 77950796234     PISSN: 07350015     EISSN: None     Source Type: Journal    
DOI: 10.1198/jbes.2009.0025     Document Type: Article

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