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Expectations and investment
Gennaioli, Nicola; Ma, Yueran; Shleifer, Andrei - 2016
Persistent link: https://www.econbiz.de/10011533620
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Investment hangover and the Great Recession
Rognlie, Matthew; Shleifer, Andrei; Simsek, Alp - 2014
Persistent link: https://www.econbiz.de/10010430610
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Management entrenchment : the case of manager-specific investments
Shleifer, Andrei - In: Journal of financial economics 25 (1989) 1, pp. 123-139
Persistent link: https://www.econbiz.de/10001086140
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Inefficient markets : an introduction to behavioral finance
Shleifer, Andrei - 2000 - 1. publ.
Persistent link: https://www.econbiz.de/10001395423
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Investment Hangover and the Great Recession
Rognlie, Matthew - 2014
We present a model of investment hangover motivated by the Great Recession. In our model, overbuilding of residential … economy enters a liquidity trap with limited reallocation and low output. The drop in output reduces nonresidential investment … through a mechanism similar to the acceleration principle of investment. The burst in nonresidential investment is followed by …
Persistent link: https://www.econbiz.de/10013045648
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Investment hangover and the great recession
Rognlie, Matthew; Shleifer, Andrei; Simsek, Alp - In: American economic journal : a journal of the American … 10 (2018) 2, pp. 113-153
Persistent link: https://www.econbiz.de/10011845878
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Investment Hangover and the Great Recession
Rognlie, Matthew - 2014
We present a model of investment hangover motivated by the Great Recession. In our model, overbuilding of residential … economy enters a liquidity trap with limited reallocation and low output. The drop in output reduces nonresidential investment … through a mechanism similar to the acceleration principle of investment. The burst in nonresidential investment is followed by …
Persistent link: https://www.econbiz.de/10012458096
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Chasing noise
Mendel, Brock; Shleifer, Andrei - 2010
"We present a simple model in which rational but uninformed traders occasionally chase noise as if it were information, thereby amplifying sentiment shocks and moving prices away from fundamental values. We fill a theoretical gap in the literature by showing conditions under which noise traders...
Persistent link: https://www.econbiz.de/10003975948
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Unstable banking
Shleifer, Andrei; Vishny, Robert W. - In: Journal of financial economics 97 (2010) 3, pp. 306-318
Persistent link: https://www.econbiz.de/10008660558
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A model of shadow banking
Gennaioli, Nicola; Shleifer, Andrei; Vishny, Robert W. - 2011
"We present a model of shadow banking in which financial intermediaries originate and trade loans, assemble these loans into diversified portfolios, and then finance these portfolios externally with riskless debt. In this model: i) outside investor wealth drives the demand for riskless debt and...
Persistent link: https://www.econbiz.de/10009158793