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|Title: ||Predictability of Returns and Cash Flows|
|Authors: ||Nieuwerburgh, Stijn Van|
Koijen, Ralph S. J.
|Issue Date: ||9-Jan-2012 |
|Series/Report no.: ||FIN-11-051|
|Abstract: ||We review the literature on return and cash flow growth predictability
form the perspective of the present-value identity. We focus
predominantly on recent work. Our emphasis is on U.S. aggregate stock
return predictability, but we also discuss evidence from other asset
classes and countries.|
|Appears in Collections:||Finance Working Papers|
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