The behavior of Swedish stock returns over short and long run horizons is analyzed. Using monthly data from 1919 to 1995 and, weekly and daily data for the 1980s and first part of the 1990s we hardly found any evidence of long run dependence. Using three different tests that are robust to short...

The behaviour of Swedish stock returns over short and long run horizons is analysed. Using monthly data from 1919 to 1995 and, weekly and daily data for the 1980s and first part of the 1990s we hardly found any evidence of long run depend-ence. Using three different tests that are robust to...

The behaviour of Swedish stock returns over short and long-run horizons is analysed. Using monthly data from 1919 to 1995 and, weekly and daily data for the 1980s and first part of the 1990s little evidence of long-run dependence was found. Using three different tests that are robust to...

Appreciation of prices in the housing market is analysed in this paper with different statistical tests. Using Ljung-Box test statistics for monthly data for a sample that starts in the beginning of 1981 and ends in the mid 1993 the EMH, efficient market hypothesis is rejected for nominal and...