Expectations Formation and Forward Information
收藏NBER2022-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w29711
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资源简介：
We propose a model where forecasters have access to noisy signals about the future (forward information). In this setting, information varies not only across agents but also across horizons. As a result, the estimated persistence of forecasts deviates from the persistence of fundamentals and the
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美国国家经济研究局创建时间：
2022-01-01
