Campbell, Sean D.; Diebold, Francis X. - Center for Financial Studies - 2005
Keywords: Business Cycle, Expected Equity Returns, Prediction, Livingston Survey, Risk
Aversion, Equity Premium, Risk Premium … conditions remains largely speculative.
Against this background, we use a well-known survey to provide direct evidence on the … particular our survey-
based measure of expected business conditions. In section 3 we examine the links between
expected …