OSFI published a paper in March, 2012, titled Evidence for Mean Reversion in Equity Prices. It wasn’t very good, as I explained in a recent article.
Look for the Opinion Link!
Also available: Draft version with footnotes.
Opinion: OSFI's Academic Foray
[…] OSFI’s document has a few references, but only to other OSFI documents and a few Basel Committee on Banking Supervision hymn books; nothing of any meat, nothing that would provide any comfort that these guys have thought things through and know what they’re doing – but OSFI’s institutional intellectual dishonesty is well known. […]