Consumption-Wealth Ratio and Expected Stock Returns: Evidence from Panel Data on G7 Countries
Using the theoretical framework of Lettau & Ludvigson (2001), we perform an empirical investigation on how widespread is the predictability of cay-a modified consumption-wealth ratio-once we consider a set of important countries from a global perspective. We chose to work with the set of G7 count...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Fundação Getúlio Vargas
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| Series: | Revista Brasileira de Economia |
| Subjects: | |
| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402016000400419&lng=en&tlng=en |