[1] O. J. Blanchard, J.-P. L’Hullier and G. Lorenzoni, “News, Noise, and Fluctuations: An Empirical Exploration,” NBER Working Paper, No. 15015, 2009.
[2] J. L’Huillier, “Did the US Consumer Overreact? A Test of Rational Expectations,” Economics Letters, Vol. 116, No. 2, 2012, pp. 207-209. doi:10.1016/j.econlet.2012.02.019
[3] O. Blanchard and D. Quah, “The Dynamic Effects of Aggregate Demand and Aggregate Supply Disturbances,” American Economic Review, Vol. 79, No. 4, 1989, pp. 654-673.
[4] J. Galí, “How Well Does the IS-LM Model Fit Postwar US Data?” Quarterly Journal of Economics, Vol. 107, No. 2, 1992, pp. 709-738. doi:10.2307/2118487
[5] J. Galí, “Monetary Policy, Inflation and the Business Cycle: An Introduction to the New Keynesian Framework,” Princeton University Press, Princeton, 2008.
[6] W. F. M. DeBondt and R. H. Thaler, “Does the Stock Market Overreact?” Journal of Finance, Vol. 40, No. 3, 1985, pp. 793-808. doi:10.1111/j.1540-6261.1985.tb05004.x
[7] P. Veronesi and L. Pastor, “Technology Revolution and Stock Prices,” American Economic Review, Vol. 99, No. 4, 2009, pp. 1451-1463. doi:10.1257/aer.99.4.1451
[8] M. D. Shapiro and M. W. Watson, “Sources of Business Cycle Fluctuations,” NBER Macroeconomics Annual, Vol. 3, 1988, pp. 111-156.
[9] J. Greenwood and B. Jovanovic, “The Information-Technology Revolution and the Stock Market,” American Economic Review Papers and Proceedings, Vol. 89, No. 2, 1999, pp. 116-122. doi:10.1257/aer.89.2.116
[10] C. Kerdrain, “How Important Is Wealth for Explaining Household Consumption over the Recent Crises,” OECD Economic Department Working Papers, No. 869, 2009.
[11] C. Tsuji, “Consumption, Aggregate Wealth, and Expected Stock Returns in Japan,” International Journal of Economics and Finance, Vol. 1, No. 2, 2009, pp. 123-127.
[12] E. Boz, C. Daude and C. B. Durdu, “Emerging Market Business Cycles Revisited: Learning about the Trend,” FRB International Finance Discussion Paper, No. 927, 2008.
[13] Y. Kurihara, “Exchange Rate Determination and Structural Changes in Response to Monetary Policies,” Studies in Economics and Finance, Vol. 29, No. 3, 2012, pp. 187-196. doi:10.1108/10867371211246858
[14] P. Beaudry and F. Portier, “Stock Prices, News, and Economic Fluctuations,” American Economic Review, Vol. 96, No. 4, 2006, pp. 1293-1307. doi:10.1257/aer.96.4.1293