Blar i BI Open på tidsskrift "The American Economic Review"
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Stock Market Wealth and the Real Economy: A Local Labor Market Approach
(Journal article; Peer reviewed, 2021)We provide evidence of the stock market consumption wealth effect by using a local labor market analysis. An increase in local stock wealth driven by aggregate stock prices increases local employment and payroll in nontradable ... -
Who Acquires Information in Dealer Markets?
(Journal article; Peer reviewed, 2020)We study information acquisition in dealer markets. We first identify a one-sided strategic complementarity in information acquisition: the more informed traders are, the larger market makers' gain from becoming informed. ...