Beauty Contests and Irrational Exuberance: A Neoclassical Approach
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The arrival of new, unfamiliar, investment opportunities is often associated with "exuberant" movements in asset prices and real economic activity. During these episodes of high uncertainty, financial markets look at the real sector for signals about the profitability of the new investment
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美国国家经济研究局创建时间:
2010-04-01



