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Trendspotting in Asset Markets

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  • Committee, Nobel Prize

    (Nobel Prize Committee)

Abstract

There is no way to predict whether the price of stocks and bonds will go up or down over the next few days or weeks. But it is quite possible to foresee the broad course of the prices of these assets over longer time periods, such as, the next three to five years. These findings, which may seem both surprising and contradictory, were made and analyzed by this year's Laureates, Eugene Fama, Lars Peter Hansen and Robert Shiller.

Suggested Citation

  • Committee, Nobel Prize, 2013. "Trendspotting in Asset Markets," Nobel Prize in Economics documents 2013-2, Nobel Prize Committee.
  • Handle: RePEc:ris:nobelp:2013_002
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    File URL: http://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/2013/popular-economicsciences2013.pdf
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    More about this item

    Keywords

    Asset prices;

    JEL classification:

    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates

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