From Main Street to Wall Street
How the Economy Influences Stock Markets and What Investors Should Know
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57 330 Ft
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Product details:
- Publisher OUP Oxford
- Date of Publication 26 January 2021
- ISBN 9780198866404
- Binding Hardback
- No. of pages368 pages
- Size 240x162x25 mm
- Weight 674 g
- Language English 82
Categories
Short description:
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.
MoreLong description:
In the long run, economies grow. Over the shorter-term business cycle, economic activity contracts and expands. From Main Street to Wall Street examines both the long-run relation between economic growth and stock returns and the shorter-term business-cycle relation. It examines the complex relationship between the economy and the stock market, and guides readers through the fascinating interaction between economic activity and financial markets.
From Main Street to Wall Street draws heavily on data, supporting academic theories with empirical facts, and backing up arguments in intuitive ways. It discusses how investors can use knowledge of economic activity and financial markets to formulate expectations to future stock returns, and helps scholars and practitioners navigate financial markets by understanding the economy.
Table of Contents:
Introduction
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 Growith and Stock Returns in the Long Run
Economic Growth and Stock Returns in the Long Run
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 the Stock Market
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 the Short-to-Medium Horizon Returns
Predicting Long-Horizon Returns
Predicting Returns over Several Decades
Part VI: Practical Investment Advice
Building and Maintaining Investment Portfolios
