Why Does the Stock Market Fluctuate?
收藏NBER1992-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3995
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资源简介：
Large long-run swings in the United States stock market over the past century correspond to swings in estimates of fundamental values calculated by using a long moving average of past dividend growth to forecast future growth rates. Such a procedure would have been reasonable if investors were
提供机构：
美国国家经济研究局
创建时间：
1992-02-01
