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Overreaction and Diagnostic Expectations in Macroeconomics

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NBER2022-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w30356
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资源简介:
We present the case for the centrality of overreaction in expectations for addressing important challenges in finance and macroeconomics. First, non-rational expectations by market participants can be measured and modeled in ways that address some of the key challenges posed by the rational
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2022-08-01
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