Stefan Nagel - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T05:26:49+00:00Do Survey Expectations of Stock Returns Reflect Risk Adjustments?
https://www.bankofcanada.ca/2019/03/staff-working-paper-2019-11/
Motivated by the observation that survey expectations of stock returns are inconsistent with rational return expectations under real-world probabilities, we investigate whether alternative expectations hypotheses entertained in the literature on asset pricing are consistent with the survey evidence.2019-03-06T12:16:22+00:00enDo Survey Expectations of Stock Returns Reflect Risk Adjustments?2019-03-06Asset pricingEconomic modelsFinancial marketsStaff Working Paper 2019-11https://www.bankofcanada.ca/wp-content/uploads/2019/03/swp2019-11.pdfDo Survey Expectations of Stock Returns Reflect Risk Adjustments?Klaus AdamDmitry MatveevStefan NagelMarch 2019GG1G10G12