extract components in the time-frequency domain), we decompose the real stock prices and the real dividends, for the US … non-linear framework, the predictability of stock prices through the use of dividends is assessed at alternative horizons … significantly to predicting stock prices at horizons spanning beyond 32 months. The identified predictability is entirely non …

may lead to the conclusion that the WSE directly incorporates news on dividends into stock prices. Moreover, the reaction …

Future stock prices depend on many internal and external factors that are not easy to evaluate. In this paper, we use … stocks. Our results also demonstrate that the HMM outperformed the naïve method in forecasting stock prices. The results also …

This paper investigates the interaction between stock prices and real exchange rates by applying monthly data from … stock prices and real exchange rates, and also a unidirectional causality from the real exchange rates to the stock prices …

According to several empirical studies, the Present Value model fails to explain the behaviour of stock prices in the … structural changes would provide a better empirical description of the Present Value model of U.S. stock prices. The methodology …- Horioka Puzzle, 2008). The results obtained are consistent with the existence of linear cointegration between the log stock …

optimism is wide spread among stock investors however, investment behaviour is also correlated through the stock prices and …The total output of an economy usually follows cyclical movements which are accompanied by similar movements in stock … prices. The common explanation relies on the demand side. It points out that stock market wealth drives consumption which …

have been formed: first, differences in the strength and direction of the reaction of stock prices between financial and … stock prices react to changes in credit ratings similarly to stock prices of financial institutions. The moment of reaction …

This study examines the effect of specific macroeconomic factors on the stock prices of selected financial sector …, we confirmed that macroeconomic fundamentals had a negative impact on stock prices. The interest rate, which also has a … macroeconomic variables that explain changes in stock prices within the VECM framework. …

This paper uses a range of structural VARs to show that the response of US stock prices to fiscal shocks changed in … 1980. Over the period 1955-1980 an expansionary spending or revenue shock was associated with modestly higher stock prices …. After 1980, along with a decline in the fiscal multiplier, the response of stock prices to the same shock became negative …