Gonzalo, Jesús; Pitarakis, Jean-Ives - Departamento de Economía, Universidad Carlos III de Madrid - 2010
predictability. Key complications that arise when conducting such inferences are the potential presence of endogeneity, the poor … the presence of predictability in such models when the strength or direction of predictability, if present, may alternate … literature. Finally our empirical application reconsiders the literature on Dividend Yield based stock return predictability and …