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developing nation today. We construct a "corruption and fraud index" using word counts from a large number of newspapers for 1815 … to 1975, supplemented with other historical facts. The index reveals that America experienced a substantial decrease in … the "corruption and fraud index" is about five times its level from the end of the Progressive Era to the 1970s. If the …
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A modest approximation by homebuyers leads house prices to display three features that are present in the data but usually missing from perfectly rational models: momentum at one-year horizons, mean reversion at five-year horizons, and excess longer-term volatility relative to fundamentals....
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A modest approximation by homebuyers leads house prices to display three features that are present in the data but usually missing from perfectly rational models: momentum at one-year horizons, mean reversion at five-year horizons, and excess longer-term volatility relative to fundamentals....
Persistent link: https://www.econbiz.de/10013021596
A modest approximation by homebuyers leads house prices to display three features that are present in the data but usually missing from perfectly rational models: momentum at one-year horizons, mean reversion at five-year horizons, and excess longer-term volatility relative to fundamentals....
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