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.

Full Product Details

Author:   Jesper Rangvid (Professor of Finance, Professor of Finance, Copenhagen Business School, Denmark)
Publisher:   Oxford University Press
Imprint:   Oxford University Press
Dimensions:   Width: 16.20cm , Height: 2.50cm , Length: 24.00cm
Weight:   0.674kg
ISBN:  

9780198866404

ISBN 10:   0198866402
Pages:   368
Publication Date:   26 January 2021
Audience:   College/higher education ,  Tertiary & Higher Education
Format:   Hardback
Publisher's Status:   Active
Availability:   To order  
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Table of Contents

1: Introduction Part I: Growth and Returns: Basic Definitions and Stylized Facts 2: Long-run Economic Growth 3: Long-run Stock Market Returns 4: Drivers of Stock Returns Part II: Economic Growith and Stock Returns in the Long Run 5: Economic Growth and Stock Returns in the Long Run 6: Growth and Returns Across Countries 7: The Equity Premium Part III: Economic Growth and Stock Returns During the Business Cycle 8: Business Cycle Fluctuations in Economic Activity 9: The Stock Market over the Business Cycle 10: Monetary Policy and the Business Cycle 11: Monetary Policy, Interest Rates, and the Stock Market 12: The 2008-2009 Financial Crisis and its Aftermath 13: Value, Size, Sector, and Momentum Stocks Part IV: The Prospects for Economic Growth 14: The Outlook for Long-run Economic Growth 15: Judging the Stance of the Business Cycle Part V: The Prospects for Returns 16: Predicting Returns: Theory 17: Predicting the Short-to-Medium Horizon Returns 18: Predicting Long-Horizon Returns 19: Predicting Returns over Several Decades Part VI: Practical Investment Advice 20: Building and Maintaining Investment Portfolios

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Author Information

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.

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