Trendspotting in Asset Markets
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No 2013-2, Nobel Prize in Economics documents from Nobel Prize Committee
Abstract:
There is no way to predict whether the price of stocks and bonds will go up or down over the next few days or weeks. But it is quite possible to foresee the broad course of the prices of these assets over longer time periods, such as, the next three to five years. These findings, which may seem both surprising and contradictory, were made and analyzed by this year's Laureates, Eugene Fama, Lars Peter Hansen and Robert Shiller.
Keywords: Asset prices (search for similar items in EconPapers)
JEL-codes: G12 (search for similar items in EconPapers)
Pages: 6 pages
Date: 2013-10-14
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