Browsing by Subject "Fed model"
Now showing items 1-1 of 1
Will The Market P/E Ratio Revert Back to Average? (Washburn University. School of Business, 2006-01-1)We show that the way investors use the "Fed Model" to benchmark the earnings yield on stocks to the 10-year T-note yield has resulted in these two series becoming cointegrated over time. The market earnings yield and its ...