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Franz Nauschnigg

Franz Nauschnigg

1 commentaries

Franz Nauschnigg is Head of Division, European Affairs and International Financial Organizations, at the Austrian National Bank.

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  4. shiller128_Drew AngererGetty Images_NYSEUSstockmarket Drew Angerer/Getty Images

    Understanding the Pandemic Stock Market

    Robert J. Shiller

    The worse economic fundamentals and forecasts become, the more mysterious stock-market outcomes in the US appear. At a time when genuine news suggests that equity prices should be tanking, not hitting record highs, explanations based on crowd psychology, the virality of ideas, and the dynamics of narrative epidemics can shed some light.

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