Journal Article
Why do stock prices react to the Fed?
Guo, Hui (2004-07)
Monetary Trends , Issue Jul

Journal Article
Reading inflation expectations from CPI futures
Guo, Hui; Kliesen, Kevin L. (2005-02)
National Economic Trends , Issue Feb

Journal Article
Higher risk does bring higher returns in stock markets worldwide
Guo, Hui (2007-08)
International Economic Trends , Issue Aug

Journal Article
Stock market volatility: reading the meter
Guo, Hui (2002-03)
Monetary Trends , Issue Mar

Journal Article
Why are stock market returns correlated with future economic activities?
Guo, Hui (2002-03)
Stock price, because it is a forward-looking variable, forecasts economic activities. An unexpected increase in stock price reflects that (i) future dividend growth is higher and/or (ii) future discount rates are lower than previously anticipated; therefore, the increase predicts higher output and investment. As well, other studies argue for an important relation between the expected stock market return and investment. In this paper, Hui Guo analyzes the relative importance of these mechanisms by using Campbell and Shiller?s (1988) method to decompose stock market return into three parts: ...
Review , Volume 84 , Issue Mar. , Pages 19-34

Journal Article
Stock market dispersion and unemployment
Guo, Hui (2007-02)
National Economic Trends , Issue Feb

Journal Article
Volatile firms, stable economy
Guo, Hui (2004-03)
National Economic Trends , Issue Mar

Journal Article
A rational pricing explanation for the failure of CAPM
Guo, Hui (2004-05)
Many authors have found that the capital asset pricing model (CAPM) does not explain stock returns?possibly because it is only a special case of Merton?s (1973) intertemporal CAPM under the assumption of constant investment opportunities (e.g., a constant expected equity premium). This paper explains the progress that has been made by dropping the assumption that expected returns are constant. First, the evidence on the predictability of returns is summarized; then, an example from Campbell (1993) is used to show how time-varying expected returns can lead to the rejection of the CAPM.
Review , Volume 86 , Issue May , Pages 23-34

Journal Article
The less volatile U.S. economy
Guo, Hui (2003-10)
National Economic Trends , Issue Oct

Journal Article
Foreign exchange rates are predictable!
Guo, Hui (2005-08)
National Economic Trends , Issue Aug