Lupia, Arthur; Grafstrom, Cassandra; Krupnikov, Yanna; … - Volkswirtschaftliche Fakultät, … - 2007
Many people pay attention to media reports of the US stock market’s performance. Using a data-based thought experiment, we cast the market’s recent highs and lows in an unusually unattractive light. The result matters because the economic and political factors that make it relevant are...