Predictability of Returns and Cash Flows
|Authors:||Nieuwerburgh, Stijn Van|
Koijen, Ralph S. J.
|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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|SSRN-id1723463.pdf||Main Working Paper||255.08 kB||Adobe PDF||View/Open|
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