We examine both in-sample and out-of-sample predictability of South African stock return using macroeconomic
variables. We base our analysis on a predictive regression framework, using monthly data covering the
Thompson, Kirsten L.; Van Eyden, Renee; Gupta, Rangan(Routledge, 2015-06)
The importance of financial instability for the world economy has been severely demonstrated
since the 2007–8 global financial crisis, highlighting the need for a better understanding of financial
conditions. We consider ...