Narrow search
Showing 1 - 10 of 691,635
Cover Image
Diagnostic expectations and credit cycles
Bordalo, Pedro; Gennaioli, Nicola; Shleifer, Andrei - 2016
Persistent link: https://www.econbiz.de/10011493743
Cover Image
Diagnostic Expectations and Stock Returns
Bordalo, Pedro - 2017
We revisit La Porta's (1996) finding that returns on stocks with the most optimistic analyst long term earnings growth forecasts are substantially lower than those for stocks with the most pessimistic forecasts. We document that this finding still holds, and present several further facts about...
Persistent link: https://www.econbiz.de/10012453848
Cover Image
Diagnostic Expectations and Stock Returns
Bordalo, Pedro - 2017
We revisit La Porta's (1996) finding that returns on stocks with the most optimistic analyst long term earnings growth forecasts are substantially lower than those for stocks with the most pessimistic forecasts. We document that this finding still holds, and present several further facts about...
Persistent link: https://www.econbiz.de/10012947004
Cover Image
Survey Measurement of Probabilistic Macroeconomic Expectations : Progress and Promise
Manski, Charles F. - 2017
Economists commonly suppose that persons have probabilistic expectations for uncertain events, yet empirical research measuring expectations was long rare. The inhibition against collection of expectations data has gradually lessened, generating a substantial body of recent evidence on the...
Persistent link: https://www.econbiz.de/10012955948
Cover Image
Survey measurement of probabilistic macroeconomic expectations : progress and promise
Manski, Charles F. - 2017
Persistent link: https://www.econbiz.de/10011666904
Cover Image
Survey measurement of probabilistic macroeconomic expectations : progress and promise
Manski, Charles F. - In: NBER macroeconomics annual 32 (2017), pp. 411-471
Persistent link: https://www.econbiz.de/10011970808
Cover Image
Survey Measurement of Probabilistic Macroeconomic Expectations : Progress and Promise
Manski, Charles F. - 2017
Economists commonly suppose that persons have probabilistic expectations for uncertain events, yet empirical research measuring expectations was long rare. The inhibition against collection of expectations data has gradually lessened, generating a substantial body of recent evidence on the...
Persistent link: https://www.econbiz.de/10012455263
Cover Image
Diagnostic Expectations and Credit Cycles
Bordalo, Pedro - 2016
We present a model of credit cycles arising from diagnostic expectations – a belief formation mechanism based on … nest rational expectations as a special case. In our model of credit cycles, credit spreads are excessively volatile, over …-react to news, and are subject to predictable reversals. These dynamics can account for several features of credit cycles and …
Persistent link: https://www.econbiz.de/10012991686
Cover Image
Diagnostic Expectations and Credit Cycles
Bordalo, Pedro - 2016
We present a model of credit cycles arising from diagnostic expectations - a belief formation mechanism based on … nest rational expectations as a special case. In our model of credit cycles, credit spreads are excessively volatile, over …-react to news, and are subject to predictable reversals. These dynamics can account for several features of credit cycles and …
Persistent link: https://www.econbiz.de/10012456409
Cover Image
Credit cycles, expectations, and corporate investment
Rossi, Stefano; Gulen, Huseyin; Ion, Mihai - 2019
Persistent link: https://www.econbiz.de/10012149915