Introduction -- Where does returns and cash-flow predictability occur? Evidence from stock prices, earnings, dividends and cointegration -- Forecasting stock returns - historical mean vs. dividend yield: rolling regressions and time-variation -- Returns and dividend growth switching predictability -- Which variables predict and forecast stock market returns? -- Forecast and market timing power of the model and the role of inflation -- Summary and conclusion.
Summary:
This book provides a comprehensive analysis of asset price movement. It examines different aspects of stock return predictability, the interaction between stock return and dividend growth predictability, the relationship between stocks and bonds, and the resulting implications for asset price movement. By contributing to our understanding of the factors that cause price movement, this book will be of benefit to researchers, practitioners and policy makers alike.
This resource is supported by the Institute of Museum and Library Services under the provisions of the Library Services and Technology Act as administered by State Library of Iowa.