We investigate if unemployment fluctuations generate predictability in the cross-section of currency excess returns. To … assess the predictability exerted by unemployment fluctuations, we sort currencies according to past growth in the …

predictability of return volatility at longer horizons. This paper investigates the predictability of return volatility of the German … predictability and assumed volatility models. In Monte Carlo simulatiost is compared with two alternative model-free test procedures …

encompassed the predictability of excess returns for all of the bonds considered. This paper makes several contributions to the … predictability of excess returns and, in so doing, show that neither FB"s model nor CP"s model provides information about the … predictability of excess returns. Second, I show that the "predictive power" of FB"s model is due solely to the high correlation …

predictable by the dividend yield and that dividend predictability is clearly stronger than return predictability in medium … than 20% p.a.). In an economic assessment of this finding, we show that cash flow predictability is stronger in smaller and …