Long Term Expectations and Aggregate Fluctuations
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In line with Keynes intuition, volatility in the stock market and in real economic activity are linked by expectations of long term profits. We show that analysts optimism about the long term earnings growth of S&P 500 firms is associated with a near term boom in major US financial markets, real
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美国国家经济研究局创建时间：
2023-08-01
