Question
Can you explain what was Shiller's Excess Volatility Test of the Classical Theory of Asset Prices? What did he find? If the classical theory is
Can you explain what was Shiller's Excess Volatility Test of the Classical Theory of Asset Prices? What did he find? If the classical theory is wrong, what should we be worried about - why would that be cause for concern for society?
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Essentials of Econometrics
Authors: Damodar Gujarati, Dawn Porter
4th edition
73375845, 978-0071276078, 71276076, 978-0073375847
