Guidolin, Massimo (contributor); Ono, Sadayuki (contributor) - 2005
evidence that the dynamic linkages
between financial markets and the macroeconomy have been stable over time. We show that the … inflation (e.g. Stock and Watson (2003)). Ultimately,
this is another rationality statement: since financial markets should … future
macroeconomic conditions, see e.g Fischer and Merton (1984). Of course, it is also true that financial markets …