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We document sectoral differences in changes in output, hours worked, prices, and nominal wages in the United States …
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An examination of banks' optimal deposit-rate-setting behavior when some customers have limited recall, showing that when banks exploit this phenomenon, deposit rates will tend to be set at round fractions and will be relatively "sticky" at these levels.
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, if an increase in the money growth rate signals a rise in the dispersion of shocks to demanders' wealth, then prices …
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A modification of Kenneth West's method for investigating speculative bubbles in stock prices, in which a direct test …
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If valuation ratios return to their historical means any time soon, then equity prices must fall substantially, or … past century suggest that stock prices will fall to align valuation ratios with their means. Of course, the means of the …
Persistent link: https://www.econbiz.de/10005729002
A study that concludes recorded security price errors are potential sources of misspecification in joint tests of the capital asset pricing model and market efficiency.
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