Financial Market Shocks and the Macroeconomy
收藏NBER2013-08-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w19383
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资源简介:
Feedback from stock prices to cash flows occurs because information revealed by firms' stock prices influences the actions of competitors. We explore the implications of feedback within a noisy rational expectations setting with incumbent publicly traded firms and privately held new entrants. In
提供机构:
美国国家经济研究局
创建时间:
2013-08-01



