"Overreaction" of Asset Prices in General Equilibrium
收藏NBER1998-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w6747
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资源简介：
We attempt to explain the overreaction of asset prices to movements in short-term interest rates, dividends, and asset supplies. The key element of our explanation is a margin constraint that traders face which limits their leverage to a fraction of the value of their assets. Traders may lever
提供机构：
美国国家经济研究局
创建时间：
1998-10-01
