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King of the Mountain: The Shiller P/E and Macroeconomic Conditions

Robert D. Arnott, Denis B. Chaves and Tzee-man Chow
The Journal of Portfolio Management Fall 2017, 44 (1) 55-68; DOI: https://doi.org/10.3905/jpm.2017.44.1.055
Robert D. Arnott
is the chairman and CEO at Research Affiliates, LLC, in Newport Beach, CA
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Denis B. Chaves
is a portfolio manager at Vanguard’s Quantitative Equity Group in Malvern, PA
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Tzee-man Chow
is a senior vice president at Research Affiliates, LLC, in Newport Beach, CA
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King of the Mountain: The Shiller P/E and Macroeconomic Conditions
Robert D. Arnott, Denis B. Chaves, Tzee-man Chow
The Journal of Portfolio Management Oct 2017, 44 (1) 55-68; DOI: 10.3905/jpm.2017.44.1.055

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King of the Mountain: The Shiller P/E and Macroeconomic Conditions
Robert D. Arnott, Denis B. Chaves, Tzee-man Chow
The Journal of Portfolio Management Oct 2017, 44 (1) 55-68; DOI: 10.3905/jpm.2017.44.1.055
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  • Article
    • Abstract
    • LITERATURE REVIEW AND OUR CONTRIBUTIONS
    • PRACTICAL IMPLICATIONS
    • DATA
    • U.S. RESULTS
    • GLOBAL (DEVELOPED MARKETS) RESULTS
    • CONCLUSION
    • APPENDIX A
    • APPENDIX B
    • ENDNOTES
    • REFERENCES
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