The Stock Market’s Reaction to Unemployment News : Why Bad News Is Usually Good for Stocks. John H. Boyd, Jian Hu, and Ravi Jagannathan Reporter : 吳嘉洋 October 20, 2010. Introduction.
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John H. Boyd, Jian Hu, and Ravi Jagannathan
October 20, 2010
Risk-free rate of interest
Equity risk premium
Unemployment news News Is Usually Good for Stocks
= actual unemployment rate–forecasted unemployment rate
-0.01 News Is Usually Good for Stocks