Imperfect Macroeconomic Expectations: Evidence and Theory
收藏NBER2020-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w27308
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资源简介：
We document a new fact about expectations: in response to the main shocks driving the business cycle, expectations underreact initially but overshoot later on. We show how previous, seemingly conflicting, evidence can be understood as different facets of this fact. We finally explain what the
提供机构：
美国国家经济研究局
创建时间：
2020-06-01
