Cross-Sectional Uncertainty and the Business Cycle: Evidence from 40 Years of Options Data
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https://www.nber.org/papers/w27864
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资源简介：
This paper presents a novel and unique measure of cross-sectional uncertainty constructed from stock options on individual firms. Cross-sectional uncertainty varied little between 1980 and 1995, and subsequently had three distinct peaks -- during the tech boom, the financial crisis, and the
提供机构：
美国国家经济研究局
创建时间：
2020-09-01
