How do asset prices move? Eugene Fama, Lars-Peter Hansen and Robert Shiller all shed light on this question in separate research. Shiller found that markets are even more irrational than most would think.
Differences over fiscal policy and reforms dominate the agenda of a G7 finance ministers meeting, with a "go-your-own-way" response to weak global growth being the likely result of the two-day gathering in Japan.
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