Speculative Dynamics
收藏数据链接：
官方服务：
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
