War Discourse and Disaster Premia: 160 Years of Evidence from Stock and Bond Markets
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https://www.nber.org/papers/w31204
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资源简介:
Using a semi-supervised topic model on 7,000,000 New York Times articles spanning 160 years, we test whether topics of media discourse predict future stock market excess returns to test rational and behavioral hypotheses about market valuation of disaster risk. Media discourse data address the
提供机构:
美国国家经济研究局
创建时间:
2023-05-01



