Research Discussion Paper – RDP 2011-06 Does Equity Mispricing Influence Household and Firm Decisions?

Contents

• Introduction
• Related Literature and Approaches
• Estimation Methodology
• Empirical Application
• Results
• Robustness
• Conclusion
• Appendix A: Data
• Appendix B: Specification Tests
• Appendix C: Bootstrap Methodology
• Appendix D: Alternative Identification Strategy
• References

This paper was in part prepared as the third chapter of my PhD thesis. I am most grateful to Gianluca Benigno, Adam Cagliarini, Jonathan Kearns, Mariano Kulish, Adrian Pagan, Michael Plumb and Tim Robinson for many useful comments and suggestions. The views expressed here are my own and do not necessarily reflect those of the Reserve Bank of Australia. All errors are my own.