Showing 1 - 10 of 10
Persistent link: https://www.econbiz.de/10000828148
Persistent link: https://www.econbiz.de/10000800331
Persistent link: https://www.econbiz.de/10000801794
Persistent link: https://www.econbiz.de/10000811569
Persistent link: https://www.econbiz.de/10003710300
Persistent link: https://www.econbiz.de/10001154830
Persistent link: https://www.econbiz.de/10001134821
Efficient markets models assert that the price of each asset is equal to the optimal forecast of its ex-post (or fundamental) value, but the models do not imply that the covariances between prices equal the corresponding covariances of ex-post values. We present bounds for covariances and...
Persistent link: https://www.econbiz.de/10012475374
Real stock prices seem to overreact to changes in long-term interest rates. That is, real stock prices drop when long-term interest rates rise (and rise when they fall) more than would be implied by a rational expectations present value model where expectations are based on a vector...
Persistent link: https://www.econbiz.de/10012475563
Real stock prices seem to overreact to changes in long-term interest rates. That is, real stock prices drop when long-term interest rates rise (and rise when they fall) more than would be implied by a rational expectations present value model where expectations are based on a vector...
Persistent link: https://www.econbiz.de/10012767717