Have Financial Markets Become More Informative?
收藏NBER2013-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w19728
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资源简介：
The finance industry has grown, financial markets have become more liquid, information technology has undergone a revolution. But have market prices become more informative? We derive a welfare-based measure of price informativeness: the predicted variation of future cash flows from current market
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美国国家经济研究局创建时间：
2013-12-01
