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Reconciling Macroeconomics and Finance for the U.S. Corporate Sector: 1929 to Present

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NBER2025-02-01 更新2025-02-15 收录
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We examine how to quantitatively reconcile the high volatility of market valuations of U.S. corporations with the relative stability of macroeconomic quantities since 1929. Macroeconomic and financial variables are measured in a consistent fashion using the Integrated Macroeconomic Accounts (IMA) of

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2025-02-01
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