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PRODID:-//Indira Gandhi Institute of Development Research - ECPv4.1.2//NONSGML v1.0//EN
CALSCALE:GREGORIAN
METHOD:PUBLISH
X-WR-CALNAME:Indira Gandhi Institute of Development Research
X-ORIGINAL-URL:http://www.igidr.ac.in
X-WR-CALDESC:Events for Indira Gandhi Institute of Development Research
BEGIN:VEVENT
DTSTART;TZID=Asia/Kolkata:20160602T160000
DTEND;TZID=Asia/Kolkata:20160602T173000
DTSTAMP:20260624T020737
CREATED:20160602T050021
LAST-MODIFIED:20160602T050021
UID:3716-1464883200-1464888600@www.igidr.ac.in
SUMMARY:Seminar : The Output gap and expected security returns
DESCRIPTION:Speaker : Dr. Anindya Biswas (Spring Hill College)\n\n \n\nAbstract: This paper analyzes the impact of the output gap on market excess returns. The output gap is usually defined as the deviation of output from potential output that is indicated by the trend output. However\, this study departs from the common approach of calculating the output gap based on a simple trend line. It uses a flexible data-driven weighting scheme\, and it uses only the available information that corresponds to each forecasting origin to derive the output gap. Overall\, the proposed output gap is a strong predictor of U.S. market excess returns.  
URL:http://www.igidr.ac.in/seminars/seminar-output-gap-expected-security-returns/
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