...Lasse Bork; Pablo Rovira Kaltwasser; Piet Sercu; Tom Vinaimont Chen et al. (2010) report that, for “commodity currencies”, the exchange rate predicts the country’s commodity index but not vice versa, consistent with the Engel-West model where the country’s key export prices act...

...Thiago de Oliveira Souza This paper starts by successfully replicating all the main results in Kelly and Pruitt (2013) for the return on the market—and providing some evidence of market premium predictability—based on their original empirical choices in the 1930–2010 sample. However, the evidence...

... widely cited papers ( Rapach et al., 2010 , 2016). * I would like to thank an anonymous referee, Amit Goyal and Ivo Welch (the editor) for their comments and advice. © 2022 Gunter Löffler 2022 Gunter Löffler Licensed re-use rights only Equity premium Predictability Out...