From Main Street to Wall Street : how the economy influences stock markets and what investors should know /
This book examines the relation between the economy and the stock market. It discusses the academic theories and the empirical facts, and guides readers through the fascinating interaction between economic activity and financial markets.
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| Format: | eBook |
| Language: | English |
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Oxford ; New York, NY :
Oxford University Press,
2021.
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| Edition: | First edition. |
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| Online Access: | Connect to the full text of this electronic book |
Table of Contents:
- Part I: Growth And Returns: Basic Definitions And Stylized Facts
- Long-run economic growth
- Long-run stock market returns
- Drivers of stock returns
- Part II: Economic Growth And Stock Returns In The Long Run
- Economic growth and drivers of stock returns
- Growth and returns across countries
- The equity premium
- Part III: Economic Growth And Stock Returns During The Business Cycle
- Business-cycle fluctuations in economic activity
- The stock market over the business cycle
- Monetary policy and the business cycle
- Monetary policy, interest rates and stock markets
- The 2008-2009 financial crisis and its aftermath
- Value, size, sector, and momentum stocks
- Part IV: The prospects for economic growth
- The outlook for long-run economic growth
- Judging the stance of the business cycle
- Part V: The prospects for returns
- Predicting returns: Theory
- Predicting short-to-medium horizon returns
- Predicting long-horizon returns
- Predicting returns over several decades
- Part VI: Practical investment advice
- Building and maintaining investment portfolios.