Matches in SemOpenAlex for { <https://semopenalex.org/work/W176045152> ?p ?o ?g. }
- W176045152 abstract "Our objective is to identify the mechanism that causes return predictability to vary over the business cycle and the trading strategy that allows an investor to take advantage of it. We build an equilibrium model in which some investors believe the economy transits slowly from good to bad times, while others believe economic conditions can change precipitately. This particular type of heterogeneous beliefs leads to a time-varying term structure of disagreement whereby return predictability rises as economic conditions deteriorate. In bad times, disagreement spikes in the short term, generating short-term momentum followed by a long-term reversion to fundamentals. In good times, instead, disagreement is steady and therefore prices revert instantly to fundamentals. Investors implement momentum strategies to extract momentum in bad times and time the market to avoid momentum crashes when the market rebounds." @default.
- W176045152 created "2016-06-24" @default.
- W176045152 date "2014-01-01" @default.
- W176045152 modified "2023-09-25" @default.
- W176045152 title "Term Structure of Disagreement and Predictability Over the Business Cycle" @default.
- W176045152 cites W1521975445 @default.
- W176045152 cites W1542118577 @default.
- W176045152 cites W1568739986 @default.
- W176045152 cites W1575584769 @default.
- W176045152 cites W1595852061 @default.
- W176045152 cites W1963901383 @default.
- W176045152 cites W1963921091 @default.
- W176045152 cites W1966252940 @default.
- W176045152 cites W1998633280 @default.
- W176045152 cites W2006293696 @default.
- W176045152 cites W2006431489 @default.
- W176045152 cites W2006688167 @default.
- W176045152 cites W2008464074 @default.
- W176045152 cites W2010315157 @default.
- W176045152 cites W2025527696 @default.
- W176045152 cites W2046839877 @default.
- W176045152 cites W2047775520 @default.
- W176045152 cites W2054349855 @default.
- W176045152 cites W2055325943 @default.
- W176045152 cites W2060714269 @default.
- W176045152 cites W2088563154 @default.
- W176045152 cites W2090220594 @default.
- W176045152 cites W2094392844 @default.
- W176045152 cites W2098347405 @default.
- W176045152 cites W2117316378 @default.
- W176045152 cites W2119143694 @default.
- W176045152 cites W2119553923 @default.
- W176045152 cites W2125520394 @default.
- W176045152 cites W2127470830 @default.
- W176045152 cites W2128633294 @default.
- W176045152 cites W2132717186 @default.
- W176045152 cites W2143173505 @default.
- W176045152 cites W2144487825 @default.
- W176045152 cites W2158547777 @default.
- W176045152 cites W2223042430 @default.
- W176045152 cites W2302522336 @default.
- W176045152 cites W2316351610 @default.
- W176045152 cites W2554619162 @default.
- W176045152 cites W2562827198 @default.
- W176045152 cites W3023279333 @default.
- W176045152 cites W3122070388 @default.
- W176045152 cites W3122165883 @default.
- W176045152 cites W3122203669 @default.
- W176045152 cites W3122345771 @default.
- W176045152 cites W3122368254 @default.
- W176045152 cites W3122500469 @default.
- W176045152 cites W3122542355 @default.
- W176045152 cites W3122578644 @default.
- W176045152 cites W3122637418 @default.
- W176045152 cites W3122727604 @default.
- W176045152 cites W3122840286 @default.
- W176045152 cites W3122944446 @default.
- W176045152 cites W3123195209 @default.
- W176045152 cites W3123952677 @default.
- W176045152 cites W3123959803 @default.
- W176045152 cites W3123986693 @default.
- W176045152 cites W3124375558 @default.
- W176045152 cites W3124467146 @default.
- W176045152 cites W3124547789 @default.
- W176045152 cites W3124639629 @default.
- W176045152 cites W3124796477 @default.
- W176045152 cites W3124797966 @default.
- W176045152 cites W3124900439 @default.
- W176045152 cites W3125261530 @default.
- W176045152 cites W3125268101 @default.
- W176045152 cites W3125410471 @default.
- W176045152 cites W3125507020 @default.
- W176045152 cites W3126059480 @default.
- W176045152 cites W3126097131 @default.
- W176045152 cites W3126114966 @default.
- W176045152 cites W3146166473 @default.
- W176045152 doi "https://doi.org/10.2139/ssrn.2506673" @default.
- W176045152 hasPublicationYear "2014" @default.
- W176045152 type Work @default.
- W176045152 sameAs 176045152 @default.
- W176045152 citedByCount "0" @default.
- W176045152 crossrefType "journal-article" @default.
- W176045152 hasConcept C105795698 @default.
- W176045152 hasConcept C121332964 @default.
- W176045152 hasConcept C139719470 @default.
- W176045152 hasConcept C149782125 @default.
- W176045152 hasConcept C162324750 @default.
- W176045152 hasConcept C197640229 @default.
- W176045152 hasConcept C33923547 @default.
- W176045152 hasConcept C61797465 @default.
- W176045152 hasConcept C62520636 @default.
- W176045152 hasConcept C83873408 @default.
- W176045152 hasConceptScore W176045152C105795698 @default.
- W176045152 hasConceptScore W176045152C121332964 @default.
- W176045152 hasConceptScore W176045152C139719470 @default.
- W176045152 hasConceptScore W176045152C149782125 @default.
- W176045152 hasConceptScore W176045152C162324750 @default.
- W176045152 hasConceptScore W176045152C197640229 @default.
- W176045152 hasConceptScore W176045152C33923547 @default.
- W176045152 hasConceptScore W176045152C61797465 @default.