Expectation dispersion, uncertainty, and the reaction to news
Releases of key macroeconomic indicators are closely watched by financial markets. We investigate the role of expectation dispersion and economic uncertainty for the stock-market reaction to indicator releases. We find that the strength of the financial market response to news decreases with the pre...
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| Main Authors: | , , |
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| Format: | Book/Monograph Working Paper |
| Language: | English |
| Published: |
Munich, Germany
CESifo, Center for Economic Studies & Ifo Institute
December 2020
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| Series: | CESifo working paper
no. 8801 (2020) |
| In: |
CESifo working papers (no. 8801 (2020))
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| Subjects: | |
| Online Access: | Verlag, kostenfrei: https://www.cesifo.org/DocDL/cesifo1_wp8801.pdf Verlag, kostenfrei: https://www.cesifo.org/en/publikationen/2020/working-paper/expectation-dispersion-uncertainty-and-reaction-news Resolving-System, kostenfrei: http://hdl.handle.net/10419/232398 
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| Author Notes: | Benjamin Born, Jonas Dovern, Zeno Enders |
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