Guidolin, Massimo; Ono, Sadayuki - Federal Reserve Bank of St. Louis - 2005
include excess stock and bond returns, the real T-bill yield, predictors used in the finance literature (default spread and … on a long monthly US data set
for eight variables that include excess stock and bond returns, the real T-bill yield …-priority research question.
Therefore a remarkable bulk of empirical evidence on such predictability relationships linking asset returns …