Predicting stock market movements with a time-varying consumption-aggregate wealth ratio

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Authors

Chang, Tsangyao
Gupta, Rangan
Majumdar, Anandamayee
Pierdzioch, Christian

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Publisher

Elsevier

Abstract

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Keywords

Consumption-aggregate wealth ratio, Nonparametric causality-in-quantiles test, Stock returns, Time-varying cointegration, Volatility

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Citation

Chang, T., Gupta, R., Majumdar, A. et al. 2019, 'Predicting stock market movements with a time-varying consumption-aggregate wealth ratio', International Review of Economics and Finance, vol. 59, pp. 458-467.