Recovering Investor Expectations from Demand for Index Funds
NBER Working Paper No. 26608
---- Acknowledgments ----
We thank John Campbell, Robin Greenwood, Sam Hanson, Ian Martin, Jesse Shapiro, Andrei Shleifer, Adi Sunderam and the seminar participants at the Columbia University Discussion Group on Intermediation, Harvard Business School, the University of Chicago Booth Household Finance Conference, and the University of Washington. We also thank John Graham and Campbell Harvey for providing the Duke CFO Global Business Outlook Survey data. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.