Hard Times
收藏数据链接：
官方服务：
资源简介：
This paper shows that the stock market downturns of 2000-2002 and 2007-09 have very different proximate causes. The early 2000's saw a large increase in the discount rates applied to corporate profits by rational investors, while the late 2000's saw a decrease in rational expectations of future
提供机构：
美国国家经济研究局创建时间：
2010-07-01
