What Information Drives Asset Prices?
收藏NBER2017-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w23689
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资源简介：
The market price-dividend ratio is highly correlated with several macroeconomic variables, particularly inflation and labor market variables, but not with aggregate consumption and GDP. We incorporate this observation in an exchange economy with learning about the economic regime from consumption
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美国国家经济研究局创建时间：
2017-08-01
