Howwell does the stock market anticipate the behavior of the economy? Plot on a monthly basis since
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Howwell does the stock market anticipate the behavior of the economy? Plot on a monthly basis since 1972 the percentage change from a year ago of the Wilshire 5000 index (FRED code: WILL5000PR). Is the index a reliable predictor of business cycle downturns (depicted in the graph by vertical, shaded bars)?
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The data plot is Wilshire Associates Wilshire 5000 Price Index WILL5000PR retrieved from FRED Federa...View the full answer
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Rajat Gupta
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Related Book For 
Money Banking and Financial Markets
ISBN: 978-1259746741
5th edition
Authors: Stephen Cecchetti, Kermit Schoenholtz
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