markets fundamentals (physical and financial) may have contributed to oil futures term structure variability. The impact of …

Spanish stock market. There is no empirical evidence concerning the relation between returns and fundamentals in this capital … size and book-to-market factors in fundamentals similar to those observed in returns and whether these factors in … fundamentals drive stock returns. Our results show that there are factors in fundamentals similar to those observed in returns …

The co-movement of stocks and of fundamentals changes across the business cycle. Empirical studies have shown that the … correlation of stock returns is stronger in crisis. We show that the correlation of fundamentals is the highest during crisis … indicate that the co-movement of stocks is driven by the co-movement of fundamentals and is not an irrational reaction of …

returns to scale, the importance of locational fundamentals, and random growth. To do this we develop a nonlinearity test that … variables to explain income growth are locational fundamentals. Both sets of variables need to be jointly considered to avoid …

-Samuelson-effect, the evidence for other commonly hypothesized fundamentals is weak. …

before August 2007 to one driven by macro-fundamentals and international risk thereafter. The majority of EMU countries have …

before August 2007 to one driven by macro-fundamentals and international risk thereafter. The majority of EMU countries have …

-Samuelson-effect, the evidence for other commonly hypothesized fundamentals is weak. …