Economic Implications of Extraordinary Movements in Stock Prices
نویسندگان
چکیده
منابع مشابه
Economic Implications of Extraordinary Movements in Stock Prices
MOST PEOPLE AGREE that stock prices sometimes behave in strange ways. Going beyond this simple observation typically proves more difficult. For at least the past quarter century, economists have been well aware that the variation of stock prices does not nicely match the familiar bell-shaped normal distribution.1 The problem is too many extreme movements. Very large increases or decreases would...
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ژورنال
عنوان ژورنال: Brookings Papers on Economic Activity
سال: 1989
ISSN: 0007-2303
DOI: 10.2307/2534463