Key question
- Do more investors at financial markets convey more information about the "true", or "fair", or "fundamental", or ... price?
Answer
Implication
- We get it all wrong in macro finance, empirically and theoretically.
To learn more about this conclusion please attend my talks at various conferences, or follow this link. NEW: update available with even more data evidence!
German version on the (mis)use of the term "Casino capitalism" available.
Selected past conference presentation(s):
- Canadian Economic Association Annual Conference in Toronto, May 2009.Financial Econometrics Conference Berlin, March 2009.
- Money, Macro and Finance Research Group
40th ANNUAL CONFERENCE
2008
Birkbeck College, University of London, September 2008.
- European Economic Association, Milano, August 2008.
- Quantitative Methods in Finance, Sydney, December 2007.