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Browsing Departament d'Economia i Empresa by Author "Malmendier, Ulrike"

Browsing Departament d'Economia i Empresa by Author "Malmendier, Ulrike"

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  • Malmendier, Ulrike; Pouzo, Demian; Vanasco, Victoria (2019-07-05)
    How do macro financial shocks affect investor behavior and market dynamics? Recent evidence on experience effects suggests a long-lasting influence of personally experienced outcomes on investor beliefs and investment but ...
  • Malmendier, Ulrike; Pouzo, Demian; Vanasco, Victoria (2019-12-01)
    We propose a novel explanation for classic international macro puzzles regarding capital flows and portfolio investment, which builds on modern macro-finance models of experience-based belief formation. Individual experiences ...

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