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crisis period. Individual economy estimation results, however, show that the Joneses effect varies across economies …
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crisis period. Individual economy estimation results, however, show that the Joneses effect varies across economies. …
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We construct an empirical model for daily highs and daily lows of US stock indexes based on the intuition that highs and lows do not drift apart over time. Our empirical results show that daily highs and lows of three main US stock price indexes are cointegrated. Data on openings, closings, and...
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