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Search results with tag "What explains the covid 19 stock market"
What Explains the COVID-19 Stock Market? - NBER
www.nber.orgNBER Working Paper No. 27784 September 2020 JEL No. G12,G28 ABSTRACT What explains stock market behavior in the early weeks of the coronavirus pandemic? Estimates from a dynamic asset pricing model point to wild fluctuations in the pricing of stock market risk, driven by shifts in risk aversion or sentiment.