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Persistent link: https://www.econbiz.de/10013190464
In the last dozen years, economists have produced a considerable body of research suggesting that the historical origin of a country’s laws is highly correlated with a broad range of its legal rules and regulations, as well as with economic outcomes. Much of this research has dealt with rules...
Persistent link: https://www.econbiz.de/10014025558
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There are two different types of media bias. One bias, which we refer to as ideology, reflects a news outlet's desire … to affect reader opinions in a particular direction. The second bias, which we refer to as spin, reflects the outlet …. Whereas competition can eliminate the effect of ideological bias, it actually exaggerates the incentive to spin stories …
Persistent link: https://www.econbiz.de/10012469412
There are two different types of media bias. One bias, which we refer to as ideology, reflects a news outlet's desire … to affect reader opinions in a particular direction. The second bias, which we refer to as spin, reflects the outlet …. Whereas competition can eliminate the effect of ideological bias, it actually exaggerates the incentive to spin stories …
Persistent link: https://www.econbiz.de/10014107263
There are two different types of media bias. One bias, which we refer to as ideology, reflects a news outlet's desire … to affect reader opinions in a particular direction. The second bias, which we refer to as spin, reflects the outlet …. Whereas competition can eliminate the effect of ideological bias, it actually exaggerates the incentive to spin stories …
Persistent link: https://www.econbiz.de/10013313316
We revisit several leading puzzles about the aggregate stock market by incorporating into a standard dividend discount model survey expectations of earnings of S&P 500 firms. Using survey expectations, while keeping discount rates constant, explains a significant part of "excess" stock price...
Persistent link: https://www.econbiz.de/10012481865
We revisit several leading puzzles about the aggregate stock market by incorporating into a standard dividend discount model survey expectations of earnings of S&P 500 firms. Using survey expectations, while keeping discount rates constant, explains a significant part of “excess” stock price...
Persistent link: https://www.econbiz.de/10013308203
Using historical data on post-war financial crises around the world, we show that crises are substantially predictable …
Persistent link: https://www.econbiz.de/10012481591