THE ECONOMICS OF MONEY,BANKING, AND FINANCIAL MARKETS 195
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CHAPTER 7
Stocks, Rational Expectations, and the Efficient Market Hypothesis
3. Visit www.forecasts.org/data/index.htm. Click
on Stock Index Data at the very top of the page.
Now choose International Stock Indices-Monthly.
Review the indices for the Nikkei 225, DAX, Hang
Seng, FTSE 100, and S&P/TSX (identified as TSE
163
300). Which index appears most volatile? In which
index would you rather have invested in 1990 if the
investment had been allowed to compound until
now?
Be sure to visit the MyEconLab website at www.myeconlab.com.This online
homework and tutorial system puts you in control of your own learning with
study and practice tools directly correlated to this chapter content.
On the MyEconLab website you will find the following appendix and mini-case for this chapter:
Appendix 7.1: Evidence on the Efficient Markets Hypothesis
Mini-Case 7.1: Adaptive Expectations, Rational Expectations, and Optimal Forecast
