This book explores the historical behavior of the value of the U.S. stock market relative to the country's economic output, and its relation to volatility. The author analyzes the causes and significance of substantial movements in the stock market over time. The study is situated within the framework of a neoclassical economic growth model, examining the effects of variables such as debt-to-equity ratios and consumption-to-output ratios on market valuation. The author concludes that while the neoclassical growth model is unable to fully account for observed movements in the stock market, stochastic models incorporating low-frequency economic shifts provide a better explanation. The book's insights contribute to a broader understanding of the factors driving stock market behavior and the relationship between economic growth and financial market valuation.
"synopsis" may belong to another edition of this title.
FREE shipping from United Kingdom to U.S.A.
Destination, rates & speedsSeller: Forgotten Books, London, United Kingdom
Paperback. Condition: New. Print on Demand. This book explores the historical behavior of the value of the U.S. stock market relative to the country's economic output, and its relation to volatility. The author analyzes the causes and significance of substantial movements in the stock market over time. The study is situated within the framework of a neoclassical economic growth model, examining the effects of variables such as debt-to-equity ratios and consumption-to-output ratios on market valuation. The author concludes that while the neoclassical growth model is unable to fully account for observed movements in the stock market, stochastic models incorporating low-frequency economic shifts provide a better explanation. The book's insights contribute to a broader understanding of the factors driving stock market behavior and the relationship between economic growth and financial market valuation. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781330350058_0
Quantity: Over 20 available
Seller: PBShop.store US, Wood Dale, IL, U.S.A.
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330350058
Quantity: 15 available
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330350058
Quantity: 15 available