Will the Valuation Ratios Revert to their Historical Means? Some Evidence from Breakpoint Tests
Working Papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to stimulate discussion and critical comment on research in progress. They may not have been subject to the formal editorial review accorded official Federal Reserve Bank of Cleveland publications. The views expressed in this paper are those of the authors and do not represent the views of the Federal Reserve Bank of Cleveland or the Federal Reserve System.
Suggested Citation
Carlson, John B., Eduard Pelz, and Mark Wohar. 2001. “Will the Valuation Ratios Revert to their Historical Means? Some Evidence from Breakpoint Tests.” Federal Reserve Bank of Cleveland, Working Paper No. 01-13. https://doi.org/10.26509/frbc-wp-200113
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