Stock Prices, News and Economic Fluctuations

By Paul Beaudry, Franck Portier. 2006

160 citations recorded by the source corpus.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/18e2143b7abfe42ae79113682ec0b563c5ef365b

Citations in the corpus

• News shocks and business cycles (2011, unknown): “Consistent with the results in Beaudry and Portier (2006), stock prices rise significantly on impact.”
• No News in Business Cycles (2014, unknown): “First, q = 2 is the lower bound for the number of shocks identified by information criteria and therefore it is an empirically relevant choice; second, we want to compare our results to those in Beaudry and Portier (2006) in which the benchmark specification is a bivariate VECM.”
• Incomplete Information in Macroeconomics: Accommodating Frictions in Coordination (2016, unknown): “The preceding remarks help distinguish our chapter from the recent literature on “news” and “noise shocks” that has followed Beaudry and Portier (2006).6 This literature extends workhorse models by letting agents observe noisy signals of future fundamentals, but typically maintains the assumption…”
• Technological Innovation, Resource Allocation, and Growth (2012, unknown): “In contrast, R&D Expenditure has some ability to predict 27We depart from Beaudry and Portier (2006) in that we include the level of the CRSP value-weighted rather the level of the S&P 500 index, since the former includes all stocks traded on the three major exchanges. output, but not productivity.”
• Risk, Uncertainty and Monetary Policy (2013, unknown): “Beaudry and Portier (2006), for example, present empirical evidence suggesting that business cycle fluctuations may be driven to a large extent by changes in stock market expectations, which anticipate total factor productivity movements.”