Expanding the Scope of Expectations Data Collection: The U.S. and Japanese Stock Markets

Robert Shiller, Fumiko Kon-Ya and Yoshiro Tsutsui (tsutsui@econ.osaka-u.ac.jp)

No 1012, Cowles Foundation Discussion Papers from Cowles Foundation for Research in Economics, Yale University

Abstract: A pilot effort was undertaken to experiment with a method of collecting parallel time series data for expectations and popular models and theories of institutional stock market participants in the United States and Japan 1989-91, covering the period before and after the dramatic and sudden halving of Japanese stock prices. Substantial variability within countries through time in the responses and dramatic differences across countries in expectations (even expectations for the same country) were found. There are significant research opportunities in expanded data collection along these lines.

Keywords: Expectations; stock markets; data collection (search for similar items in EconPapers)
JEL-codes: C22 C82 (search for similar items in EconPapers)
Pages: 51 pages
Date: 1992-03
Note: CFP 922.
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in Review of Economics and Statistics (1996), 78(1): 156-164

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