Piazzesi, Monika; Schneider, Martin - Federal Reserve Bank of Atlanta - 2008
econometrician. The main result is that investors' systematic forecast errors are an important source of business cycle variation in …,
Department of Economics, 19 West Fourth Street, Sixth Floor, New York, NY 10012, martin.schneider@nyu.edu.
Federal Reserve … is that
investors’ systematic forecast errors are an important source of business cycle variation in measured risk …