Stock Price Booms and Expected Capital Gains

By Klaus Adam, Albert Marcet, Johannes Beutel. 2017

217 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/c6054425ad0c2eb5de05c863ddbb62b4b8b27cdc

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Nicholas Barberis
2. A. Shleifer
3. N. Gennaioli
4. P. Bordalo
5. R. La Porta
6. Cars H. Hommes
7. Christian Leuz
8. Allan G. Timmermann

In Finance

1. Nicholas Barberis
2. A. Shleifer
3. N. Gennaioli
4. Cars H. Hommes
5. P. Bordalo
6. R. La Porta
7. Guofu Zhou
8. David A. Hirshleifer

Citations in the corpus

• Behavioral & Experimental Macroeconomics and Policy Analysis: A Complex Systems Approach (2018, result): “Adam et al. (2017) show that the subjective beliefs are also consistent with survey data on expected capital gains.”
• Diagnostic Expectations and Stock Returns (2019, background): “In Adam, Marcet, and Beutel (2017), agents learn the mapping between fundamentals and prices, but they are rational about fundamentals.”
• An Extrapolative Model of House Price Dynamics (2017, unknown): “Metropolitan area housing prices display significant momentum (Case and Shiller, 1989), mean reversion (Cutler, Poterba and Summers, 1991), and excess variance relative to fundamentals (Glaeser et al., 2014).”
• Psychology-based Models of Asset Prices and Trading Volume (2018, background): “(2015, 2018), Adam et al. (2017), Glaeser and Nathanson (2017), Cassella and Gulen (2018), DeFusco et al. (2018), Jin and Sui (2018), and Liao and Peng (2018).”