Business Cycles, Financial Crises, and Stock Volatility
收藏NBER1989-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2957
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资源简介：
This paper shows that stock volatility increases during recessions and financial crises from 1834-1987. The evidence reinforces the notion that stock prices are an important business cycle indicator. Using two different statistical models for stock volatility, I show that volatility increases after
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美国国家经济研究局创建时间：
1989-05-01
