1 손경우, "미국의 경기국면의 예측과 투자전략 : 채권과 주식시장을 중심으로" 국민연금연구원 2015
2 Campbell, J. Y., "Yield Spreads and Interest Rate Movements : A Bird’s Eye View" 58 (58): 495-514, 1991
3 Estrella, A., "The Term Structure as a Predictor of Real Economic Activity" 46 (46): 555-576, 1991
4 Dotsey, M., "The Predictive Content of the Interest Rate Term Spread for Future Economic Growth" 84 (84): 31-51, 1998
5 Campbell, J. Y., "The Dividend-price Ratio and Expectations of Future Dividends and Discount Factors" 1 (1): 195-228, 1988
6 Backus, D. K., "The Cyclical Component of US Asset Returns" Society for Economic Dynamics 13-, 2008
7 Campbell, J. Y., "Stock Returns and the Term Structure" 18 (18): 373-399, 1987
8 Ang, A., "Stock Return Predictability : Is It There?" 20 (20): 651-707, 2007
9 Campbell, J. Y., "Stock Prices, Earnings, and Expected Dividends" 43 (43): 661-676, 1988
10 Haubrich, J. G., "Predicting real growth using the yield curve" 32 : 26-34, 1996
1 손경우, "미국의 경기국면의 예측과 투자전략 : 채권과 주식시장을 중심으로" 국민연금연구원 2015
2 Campbell, J. Y., "Yield Spreads and Interest Rate Movements : A Bird’s Eye View" 58 (58): 495-514, 1991
3 Estrella, A., "The Term Structure as a Predictor of Real Economic Activity" 46 (46): 555-576, 1991
4 Dotsey, M., "The Predictive Content of the Interest Rate Term Spread for Future Economic Growth" 84 (84): 31-51, 1998
5 Campbell, J. Y., "The Dividend-price Ratio and Expectations of Future Dividends and Discount Factors" 1 (1): 195-228, 1988
6 Backus, D. K., "The Cyclical Component of US Asset Returns" Society for Economic Dynamics 13-, 2008
7 Campbell, J. Y., "Stock Returns and the Term Structure" 18 (18): 373-399, 1987
8 Ang, A., "Stock Return Predictability : Is It There?" 20 (20): 651-707, 2007
9 Campbell, J. Y., "Stock Prices, Earnings, and Expected Dividends" 43 (43): 661-676, 1988
10 Haubrich, J. G., "Predicting real growth using the yield curve" 32 : 26-34, 1996
11 Estrella, A., "Predicting U. S. Recessions : Financial Variables as Leading Indicators" 80 (80): 45-61, 1998
12 Guo, H., "On the Out-of-sample Predictability of Stock Market Returns" 79 (79): 645-670, 2006
13 Stock, J. H., "NBER Macroeconomics Annual 1989" MIT Press 352-394, 1989
14 Plosser, C. I., "International term structures and real economic growth" 33 (33): 133-155, 1994
15 Stock, J. H., "Forecasting output and inflation : the role of asset price" 41 : 788-829, 2003
16 Hodrick, R. J., "Dividend Yields and Expected Stock Returns : Alternative Procedures for Inference and Measurement" 5 (5): 357-386, 1992
17 Fama, E. F., "Dividend Yields and Expected Stock Returns" 22 (22): 3-25, 1988
18 Lustig, H., "Business Cycle Variation in the Risk-return Trade-off" 59 : S35-S49, 2012
19 Fama, E. F., "Business Conditions and Expected Returns on Stocks and Bonds" 25 (25): 23-49, 1989
20 Fama, E. F., "Asset Returns and Inflation" 5 (5): 115-146, 1977