Browsing Working Papers of the Priority Programme 1859 – Experience and Expectation. Historical Foundations of Economic Behaviour by Subject "Expectation dispersion"

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2020-12Diskussionspapier

Expectation dispersion, uncertainty, and the reaction to news

Born, Benjamin; Dovern, Jonas; Enders, Zeno

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 ...