Structural Shocks, Business Condition Expectations, and Expected Stock Market Returns
Through the interaction terms of business condition expectations and structural shocks, the non-linear effects of business condition expectations on expected stock market returns were studied. We found that the recession expectation enlarges the positive effects of a permanent shock on the expected...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2022-11-01
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| Series: | Systems |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2079-8954/10/6/228 |