Haab, David R.; Nitschka, Thomas - In: Swiss journal of economics and statistics 155 (2019) 16, pp. 1-17
aggregate stock market ("Goliath vs David" (GVD)) for Swiss stock market returns and bond market returns. Previous research … the Swiss version of GVD exhibits predictive power for Swiss stock and bond market returns even in the presence of global … predictors. However, Swiss bond market returns are best predicted by the US term spread. …