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Item Details
Title:
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FINANCIAL MARKETS AND THE REAL ECONOMY
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By: |
John H. Cochrane (Editor) |
Format: |
Hardback |

List price:
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£320.00 |
We currently do not stock this item, please contact the publisher directly for
further information.
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ISBN 10: |
1843761920 |
ISBN 13: |
9781843761921 |
Publisher: |
EDWARD ELGAR PUBLISHING LTD |
Pub. date: |
27 January, 2006 |
Series: |
The International Library of Critical Writings in Financial Economics Series 18 |
Pages: |
720 |
Description: |
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. |
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. |
Publication: |
UK |
Imprint: |
Edward Elgar Publishing Ltd |
Returns: |
Returnable |
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