) Intertem-
poral CAPM (ICAPM). Examples from macroeconomics are the relationships between
in ation and output growth and their … moments of
stock returns (French et al., 1987), output growth (Caporale and McKiernan, 1996) and
in ation rates (Grier and … relationship between
in ation, nominal uncertainty and output growth. In this respect, the two chapters
closely follow the original …