Consumption, wealth, stock and housing returns: evidence from emerging markets
We test the predictive ability of the transitory deviations of consumption from its common trend with aggregate wealth and labour income, cay, for both future equity and housing risk premia in emerging market economies. Using quarterly data for 31 markets, our country-level evidence shows that forec...
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| Format: | article |
| Language: | eng |
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2016
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| Online Access: | http://hdl.handle.net/1822/40012 |
| Country: | Portugal |
| Oai: | oai:repositorium.sdum.uminho.pt:1822/40012 |