Federal Reserve Bank of Minneapolis: 'Why People Disagree About What Drives Stock Prices'
February 28, 2026
February 28, 2026
MINNEAPOLIS, Minnesota, Feb. 28 (TNSLrpt) -- The Federal Reserve Bank of Minneapolis issued the following Economic Research report (No. 683) on Feb. 25, 2026 by Andrew Atkeson, Jonathan Heathcote and Fabrizio Perri entitled "Why People Disagree About What Drives Stock Prices."
Here is the abstract:
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We show that, to a first-order approximation, estimates of Shiller's fundamental price relative to observed price depend only on forecasts o . . .
Here is the abstract:
* * *
We show that, to a first-order approximation, estimates of Shiller's fundamental price relative to observed price depend only on forecasts o . . .