Speculative Dynamics
收藏NBER1990-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3242
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资源简介：
This paper presents evidence on the characteristic speculative dynamics of a wide range of asset returns. It highlights three stylized facts. First, returns tend to be positively serially correlated at high frequency. Second, returns tend to be negatively serially correlated over long horizons.
提供机构：
美国国家经济研究局创建时间：
1990-01-01
