Crimes Against Campbell-Shiller
收藏NBER2026-05-01 更新2026-05-16 收录
下载链接：
https://www.nber.org/papers/w35189
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资源简介：
The Campbell and Shiller (1988) log-linear approximation is widely viewed as a model-free accounting identity that always holds: in sample, in expectation, and under arbitrary subjective beliefs. None of these claims is true. The formula is far from automatic even in realized data. Many companies do
提供机构：
美国国家经济研究局
创建时间：
2026-05-01
