Temporary fluctuations of the U.S. consumption-wealth ratio, cay, predict excess returns on international stock markets …

that temporary fluctuations of the U.S. consumption-wealth ratio predict excess returns on international stock markets …

that temporary fluctuations of the U.S. consumption-wealth ratio predict excess returns on international stock markets …

the size of government and on other key economic variables, including the consumption-wealth ratio, the growth rate of … consumption-wealth ratio, and welfare should be greater in an open economy because of higher productivity and/or less volatility …

Japanese consumption–wealth ratio data series and to examine whether it explains Japanese stock market data. We find that the … consumption–wealth ratio does predict future stock returns, but the evidence is weaker than that from US data, and the source of … new consumption–wealth ratio that more explicitly deal with household real estate wealth utilizing Japanese aggregate …

the size of government and on other key economic variables, including the consumption-wealth ratio, the growth rate of … consumption-wealth ratio, and welfare should be greater in an open economy because of higher productivity and/or less volatility …

This paper studies the signalling effect of the consumption-wealth ratio (cay) on German stock returns via vector error …

-term trend in consumption, asset wealth, and labor income (hereby, consumption-wealth ratio) is a strong predictor of the excess … returns. In this paper, we study the role of the consumption-wealth ratio in predicting the change in the nominal exchange … rate of a large set of countries. We find evidence that fluctuations in the consumption-wealth ratio help to predict in …

This paper studies the signalling effect of the consumption-wealth ratio (cay) on German stock returns via vector error …

This paper studies the signalling effect of the consumption-wealth ratio (cay) on German stock returns via vector error …