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Review of Economic Studies

The Review of Economic Studies · 2010

Variability And Stock✉Martind. D. Evans

Abstract

This paper examines the extent to which swings in stock prices can be related to variations in the discounted value of expected future dividends when investors face uncertainty about their future behavior. I develop an econometric model that accounts for the instability of U.S.

Financial Markets and Investment Strategies Capital Investment and Risk Analysis Corporate Finance and GovernanceEconomicsKeynesian economicsMathematical economicsMacroeconomicsNeoclassical economics

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