Valuation Ratios and the Long-run Stock Market Outlook: An Update
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- John Y. Campbell & Robert J. Shiller, 2001. "Valuation Ratios and the Long-Run Stock Market Outlook: An Update," NBER Working Papers 8221, National Bureau of Economic Research, Inc.
References listed on IDEAS
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More about this item
KeywordsStock market; price-earnings ratio; forecasts; expectations; dividend-price ratio; efficient markets; Standard & Poor's 500; present value; productivity;
- G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-FMK-2001-05-16 (Financial Markets)
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