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Found 1 essay matching the above criteria.

1. 1. Growth Expectations, Dispersion of Beliefs and the Cross-Section of Stock Returns

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Simon Ingo Koch; [2016]
   Keywords : Growth expectations; dispersion of beliefs; macroeconomic uncertainty; cross-section of stock returns; omitted variable bias; multicollinearity; Business and Economics;

   Abstract : The present study investigates whether the mean and the standard deviation of real GDP growth forecasts from the ECB Survey of Professional Forecasters (SPF) can help to explain the cross-sectional variation of expected returns in the German stock market. The expected real GDP growth from the SPF can be interpreted as a proxy for expected business conditions, whereas the cross-sectional dispersion of these expectations may serve as a proxy for macroeconomic uncertainty. READ MORE