Inverted Yield Curves and Expected Stock Returns

return is its weight in the global portfolio, it, times. w n. it, the fraction of the . Hmonths before tin which the country’s local term structure is inverted, times the difference itsbetween dollar-denominated stock market return and the return on one-month U.S. Treasury bills. This contribution is zero when the country ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download