“...We analyze time series of investor expectations of future stock market returns from six data sources between 1963 and 2011. The six measures of expectations...”

“...The 2014 John Bates Clark Medal of the American Economic Association was awarded to Matthew Gentzkow of the University of Chicago Booth School of Business. The...”

“...Chinese housing prices rose by over 10 percent per year in real terms between 2003 and 2014 and are now between two and ten times higher than the construction...”

“...We present a theory of context-dependent choice in which a consumer’s attention is drawn to salient attributes of goods, such as quality or price. An attribute...”

“...We document that, in a cross section of countries, government regulation is strongly negatively correlated with measures of trust. In a simple model explaining...”

“...Analysts of the recent financial crisis often refer to the role of asset “fire sales” in depleting the balance sheets of financial institutions and aggravating...”

“...Survey evidence suggests that many investors form beliefs about future stock market returns by extrapolating past returns. Such beliefs are hard to reconcile...”

“...We present a standard model of financial innovation, in which intermediaries engineer securities with cash flows that investors seek, but modify two...”

“...We investigate cross-country determinants of private credit, using new data on legal creditor rights and private and public credit registries in 129 countries...”