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This study investigates the macroeconomic consequences of firm-level accounting conservatism. Consistent with … conditional conservatism extending to the aggregate level, I demonstrate that annual estimates of aggregate corporate profits and … to positive aggregate news. Next, I estimate the dollar value impact of conservatism on measurements of macroeconomic …
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Purpose:The article analyzes the effects of the COVID-19 pandemic on house prices.Design/Methodology/Approach:We start by discussing the possibility that house price indexes may not fully incorporate the effects of the pandemic as of yet. Against the background of the pandemic, we then analyze...
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