Federal Reserve Bank of San Francisco: 'Asset Prices and Credit With Diagnostic Expectations'
September 11, 2025
September 11, 2025
SAN FRANCISCO, California, Sept. 11 (TNSLrpt) -- The Federal Reserve Bank of San Francisco issued the following white paper (No. 2025-15) on August 22, 2025, by Alan Taylor, James Cloyne, Oscar Jorda, and Sanjay Singh entitled "Asset Prices and Credit with Diagnostic Expectations."
Here are excerpts:
* * *
Using long-run cross-country panel data, we document that (i) contemporaneous credit growth strongly predicts contemporaneous equity returns wi . . .
Here are excerpts:
* * *
Using long-run cross-country panel data, we document that (i) contemporaneous credit growth strongly predicts contemporaneous equity returns wi . . .