| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w29949 |
| 来源ID | Working Paper 29949 |
| Cohort Effects on Expected Co-Movement | |
| William N. Goetzmann; Akiko Watanabe; Masahiro Watanabe | |
| 发表日期 | 2022-04-18 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | The covariance of asset returns with economic states of the world is a fundamental input to asset pricing models. Using a semi-annual survey of forecasts by a panel of U.S. economists over more than 70 years, we infer forecaster beliefs about covariance between the S&P index and macro-economic factors. We find evidence that life-experience was a significant determinant of beliefs about the co-movement of inflation and stock returns |
| 主题 | Macroeconomics ; Business Cycles ; Money and Interest Rates ; Financial Economics ; Financial Markets |
| URL | https://www.nber.org/papers/w29949 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/587623 |
| 推荐引用方式 GB/T 7714 | William N. Goetzmann,Akiko Watanabe,Masahiro Watanabe. Cohort Effects on Expected Co-Movement. 2022. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w29949.pdf（845KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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