Economics, Econometrics and Finance
4 years ago

Investor Fashions and Crash Mentality: Factors Behind 1987 Stock Market Crash

NBER Macroeconomics Annual
Portfolio Insurance and Other Investor Fashions as Factors in the 1987 Stock Market Crash
Robert J. Shiller

Paper Summary

Related papers

Economics, Econometrics and Finance
4 years ago

Investor Fashions and Crash Mentality: Factors Behind 1987 Stock Market Crash

Insurance Dynamics
1 view
Economics, Econometrics and Finance
4 years ago

Global Stock Markets Simultaneously Crash in October 1987, Revealing International Crisis.

Oil Price Shocks
Asset Pricing
Macroeconomic Analysis
8 years ago

1987 Stock Market Crash Reveals $2.5 Billion Value Change Impact.

Investors were already worried about a stock market crash before 1987, thinking about borrowing, government debt, and how portfolio insurance was affecting things. When prices started dropping, investors panicked and thought the crash was happening. The crash was not just about money, but also about how people were feeling and thinking.