Gerardi, Kristopher S.; Lehnert, Andreas; Sherlund, Shane M. - Federal Reserve Bank of Atlanta - 2009
discussions of the mortgage market to see what market participants thought would happen, the authors find that analysts, on the … occurred. Examining analyst reports and other contemporary discussions of the mortgage market
to see what market participants …-
ruptions would be very different. Ex ante, investors in subprime mortgage-backed
securities would have demanded higher returns …