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Prices in futures markets and option markets reflect expectations about future price movements in...

Since the mid-1980s, there has been a very substantial increase in stock market activity in many...

This paper examines the general relationship between stock prices and macroeconomic variables in...

The behavior of equity prices is analyzed in a general equilibrium model where agents have...

This paper studies the correlation between output growth and lagged stock returns in a panel of...

In the past few years there has been a large increase in portfolio capital flows into emerging...