Do stock prices contain predictive information on business turning points? A wavelet analysis

Using wavelet analysis, this paper shows empirically that Japanese stock prices contain predictive information on business turning points since the middle of the 1980s. The average leading period is about 13 months.

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Year of publication:	2005
Authors:	Yamada, Hiroshi ; Honda, Yuzo
Published in:	Applied Financial Economics Letters. - Taylor and Francis Journals, ISSN 1744-6546. - Vol. 1.2005, 1, p. 19-23
Publisher:	Taylor and Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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