The Effect of Macroeconomic News on Beliefs and Preferences: Evidence from the Options Market
收藏NBER2003-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w9914
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资源简介：
We examine the effect of regularly scheduled macroeconomic announcements on the beliefs and preferences of participants in the U.S. Treasury market by comparing the option-implied state-price density (SPD) of bond prices shortly before and after the announcements. We find that the announcements
提供机构：
美国国家经济研究局
创建时间：
2003-08-01
