Bacchetta, Philippe; Mertens, Elmar; Wincoop, Eric van - Swiss National Bank, Study Center Gerzensee - 2006
market participants in the stock market, the foreign exchange market, and the bond and money markets in various countries. We …There is widespread evidence of excess return predictability in financial markets. In this paper we examine whether … use data on survey expectations of market par-
ticipants in the stock market, the foreign exchange market, and the bond …