| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5624 |
| DP5624 Services Policies in Transition Economies: On the EU and WTO as Commitment Mechanisms | |
| [unavailable] | |
| 发表日期 | 2006-04-11 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | A model of profits switches between four regimes with fixed probabilities; the rationally expected profits stream implies the stock market value. This efficient market model is not rejected by UK post-war time-series behaviour of either profits or the FTSE index. |
| 主题 | International Macroeconomics |
| 关键词 | Regime switching Stock returns Efficient markets Rational expectations |
| URL | https://cepr.org/publications/dp5624 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534472 |
| 推荐引用方式 GB/T 7714 | [unavailable]. DP5624 Services Policies in Transition Economies: On the EU and WTO as Commitment Mechanisms. 2006. |
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