From Main Street to Wall Street: How the Economy Influences Stock Markets and What Investors Should Know
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.
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From Main Street to Wall Street: How the Economy Influences Stock Markets and What Investors Should Know
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.
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From Main Street to Wall Street: How the Economy Influences Stock Markets and What Investors Should Know

From Main Street to Wall Street: How the Economy Influences Stock Markets and What Investors Should Know

by Jesper Rangvid
From Main Street to Wall Street: How the Economy Influences Stock Markets and What Investors Should Know
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From Main Street to Wall Street: How the Economy Influences Stock Markets and What Investors Should Know

From Main Street to Wall Street: How the Economy Influences Stock Markets and What Investors Should Know

by Jesper Rangvid

Overview

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.

Product Details

ISBN-13: 9780198866404
Publisher: Oxford University Press
Publication date: 03/21/2021
Pages: 368
Product dimensions: 9.30(w) x 6.10(h) x 1.10(d)

About the Author

Jesper Rangvid, Professor of Finance, Copenhagen Business School, Denmark

Jesper Rangvid is Professor of Finance and Director of the Pension Research Centre (PeRCent) at Copenhagen Business School. Rangvid earned his master's degree in economics from the University of Copenhagen and his Ph.D. in finance from Copenhagen Business School. In his research, Rangvid studies asset return determination and forecastability, financial crises, financial institutions (in particular asset managers and banks), and household finance. He is Chairman of the Danish Council for Pension Projections, and acts as an advisor to public agencies and private companies. Rangvid was Chairman of the government-appointed committee that investigated the causes and consequences of the financial crisis in Denmark. He has been a member of numerous boards, commissions, and advisory bodies. Jesper Rangvid is often cited and used as an expert on economic and financial topics in the media.

Table of Contents

1. IntroductionPart I: Growth and Returns: Basic Definitions and Stylized Facts2. Long-run Economic Growth3. Long-run Stock Market Returns4. Drivers of Stock ReturnsPart II: Economic Growith and Stock Returns in the Long Run5. Economic Growth and Stock Returns in the Long Run6. Growth and Returns Across Countries7. The Equity PremiumPart III: Economic Growth and Stock Returns During the Business Cycle8. Business Cycle Fluctuations in Economic Activity9. The Stock Market over the Business Cycle10. Monetary Policy and the Business Cycle11. Monetary Policy, Interest Rates, and the Stock Market12. The 2008-2009 Financial Crisis and its Aftermath13. Value, Size, Sector, and Momentum StocksPart IV: The Prospects for Economic Growth14. The Outlook for Long-run Economic Growth15. Judging the Stance of the Business CyclePart V: The Prospects for Returns16. Predicting Returns: Theory17. Predicting the Short-to-Medium Horizon Returns18. Predicting Long-Horizon Returns19. Predicting Returns over Several DecadesPart VI: Practical Investment Advice20. Building and Maintaining Investment Portfolios
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