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Article Dans Une Revue Bloc-Notes Éco Année : 2020

What are the factors behind current high stock market valuations?

Résumé

Despite the corrections at the end of 2018 and the Covid-19 shock, price-earnings ratios remain at high levels, particularly in the United States. However, based on indices adjusted for expected growth and the level of interest rates, this trend does not appear to be the result of irrational exuberance like in previous speculative episodes.
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hal-03329789 , version 1 (31-08-2021)

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  • HAL Id : hal-03329789 , version 1

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Arthur Stalla-Bourdillon, Nicolas Chatelais. What are the factors behind current high stock market valuations?. Bloc-Notes Éco, 2020, 189. ⟨hal-03329789⟩
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