Wall Street and Silicon Valley : a delicate interaction /

Financial markets look at data on aggregate investment for clues about underlying profitability. At the same time, firms' investment depends on expected equity prices. This generates a two-way feedback between financial market prices and investment. In this paper we study the positive and norma...

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Bibliographic Details
Main Author: Angeletos, Marios
Corporate Author: National Bureau of Economic Research
Other Authors: Lorenzoni, Guido, Pavan, Alessandro
Format: Book
Language:English
Published: Cambridge, Mass. : National Bureau of Economic Research, c2007
Series:Working paper series (National Bureau of Economic Research) ; working paper no. 13475
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Massachusetts Institute of Technology

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Call Number: H11.N27534 no.13475