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This paper elucidates the influence of stock market volatility on U.S. consumption using pooled mean group (PMG) estimation of 46 states over the period from 1998 to 2017. The findings confirm that the PMG estimates of the effect of stock market volatility on consumption are robust to the lag...
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frictions, can generate extreme co-movements in asset prices. Information asymmetries generate a multiplier effect on price …
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The existence of influence among participants on financial markets is affirmed by the theory of behavioural finance …
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What is the mechanism that determines market prices of financial assets? The literature of modern finance theory … equity puzzle in this paper. The upcoming literature of behavioural finance theory loosens the restrictive assumptions of … modern finance theory in favour of the acceptance of an investor's irrationality. Many efforts have been undertaken so far to …
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Technical Analysis -- Catching Animal Spirits: Using Complexity Theory to Detect Speculative Moments of the Markets -- Social … Framing Creating Bull Markets of the Past: Growth Theory of Financial Markets -- Complexity Theory and Systemic Risk in the …
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