Journal of Economic Literature Vol. 41, Pages 788-829 2003 HKS Authors See citation below for complete author information. James H. Stock Professor of Public Policy, HKS; Harold Hitchings Burbank Professor of Political Economy, FAS Citation Stock, James H., and Mark W. Watson. "Forecasting Output and Inflation: The Role of Asset Prices." Journal of Economic Literature 41 (2003): 788-829.