Items related to Financial Markets and the Real Economy (The International...

Financial Markets and the Real Economy (The International Library of Critical Writings in Financial Economics series, 18) - Hardcover

 
9781843761921: Financial Markets and the Real Economy (The International Library of Critical Writings in Financial Economics series, 18)
Hardcover
ISBN 10: 1843761920 ISBN 13: 9781843761921
Publisher: Edward Elgar Publishing, 2006

Synopsis

This insightful collection examines the intersection between macroeconomics and finance. The key challenge in this area is to find the right measure of 'bad times' (the marginal value of wealth) to explain some assets' high average returns or low prices as compensation for those assets' tendency to pay off poorly in bad times.

The volume includes a carefully chosen selection of articles that survey the various approaches to this question - including the equity premium, consumption based models, general equilibrium models and labour income/idiosyncratic risk approaches. The editor also provides a comprehensive introduction which sets these papers in context and surveys the broader literature.

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About the Author

Edited by John H. Cochrane, Rose-Marie and Jack Anderson Senior Fellow, Hoover Institution, Stanford University, US

"About this title" may belong to another edition of this title.

Publisher
Edward Elgar Publishing
Publication date
2006
Language
English
ISBN 10 
1843761920
ISBN 13 
9781843761921
Binding
Hardcover
Number of pages
720
Editor
Cochrane John H.