From Main Street to Wall Street How the Economy Influences Stock Markets and What Investors Should Know

In the long run, economies grow. Over the shorter-term business cycle, economic activity contracts and expands. From Main Street to Wall Street examines both the long-run relation between economic growth and stock returns and the shorter-term business-cycle relation. It examines the complex relationship between the economy and the stock market, and guides readers through the fascinating interaction between economic activity and financial markets. From Main Street to Wall Street draws heavily on data, supporting academic theories with empirical facts, and backing up arguments in intuitive ways. It discusses how investors can use knowledge of economic activity and financial markets to formulate expectations to future stock returns, and helps scholars and practitioners navigate financial markets by understanding the economy.

Jesper Rangvid is Professor of Finance and Director of the Pension Research Centre (PeRCent) at Copenhagen Business School. Rangvid earned his master's degree in economics from the University of Copenhagen and his Ph.D. in finance from Copenhagen Business School. In his research, Rangvid studies asset return determination and forecastability, financial crises, financial institutions (in particular asset managers and banks), and household finance. He is Chairman of the Danish Council for Pension Projections, and acts as an advisor to public agencies and private companies. Rangvid was Chairman of the government-appointed committee that investigated the causes and consequences of the financial crisis in Denmark. He has been a member of numerous boards, commissions, and advisory bodies. Jesper Rangvid is often cited and used as an expert on economic and financial topics in the media.