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Financial markets and the state : long swings, risk, and the scope of regulation

Frydman, Roman; Goldberg, Michael D. - In: Capitalism and society : a journal of The Center on … 4 (2009) 2, pp. 1-43

Persistent link: https://www.econbiz.de/10009424420

Macroeconomic theory for a world of imperfect knowledge

Frydman, Roman; Goldberg, Michael D. - In: Capitalism and society : a journal of The Center on … 3 (2008) 3, pp. 1-76

Persistent link: https://www.econbiz.de/10009424428

Knightian uncertainty and stock-price movements : why the REH present-value model failed empirically

Frydman, Roman; Goldberg, Michael D.; Mangee, Nicholas - 2015

Macroeconomic models that are based on either the rational expectations hypothesis (REH) or behavioral considerations share a core premise: all future market outcomes can be characterized ex ante with a single overarching probability distribution. This paper assesses the empirical relevance of...

Persistent link: https://www.econbiz.de/10011279656

Knightian uncertainty and stock-price movements : why the REH present-value model failed empirically

Frydman, Roman; Goldberg, Michael D.; Mangee, Nicholas - 2015

Macroeconomic models that are based on either the rational expectations hypothesis (REH) or behavioral considerations share a core premise: All future market outcomes can be characterized ex ante with a single overarching probability distribution. This paper assesses the empirical relevance of...

Persistent link: https://www.econbiz.de/10011309720