Self-Fulfilling Risk Panics
收藏NBER2010-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w16159
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资源简介：
Recent crises have seen very large spikes in asset price risk without dramatic shifts in fundamentals. We propose an explanation for these risk panics based on self-fulfilling shifts in risk made possible by a negative link between the current asset price and risk about the future asset price. This
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美国国家经济研究局创建时间：
2010-07-01
