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Stock Market Liquidity and the Business Cycle

✍ Scribed by RANDI NÆS; JOHANNES A. SKJELTORP; BERNT ARNE ØDEGAARD


Book ID
109177730
Publisher
John Wiley and Sons
Year
2011
Tongue
English
Weight
406 KB
Volume
66
Category
Article
ISSN
0022-1082

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## ABSTRACT This article contributes to the literature on business cycle forecasts and their impact on asset prices by investigating how the 15‐second Xetra DAX returns reflect the monthly announcements of the two best‐known business cycle forecasts for Germany, i.e., the Ifo Business Climate Index