The predictive power of financial markets:essays on the relationship between the stock market and real economic activity
Abstract This thesis investigates whether stock returns can help forecast macroeconomic activity. Future earnings and dividends and current stock prices should contain information about the future state of firms and the consumption possibilities of consumers. These activities are linked to aggregat...
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| Format: | Doctoral Thesis |
| Language: | English |
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University of Oulu
2006
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| Online Access: | http://urn.fi/urn:isbn:9514283082 http://nbn-resolving.de/urn:isbn:9514283082 |