Financial Markets And The Real Economy

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Cochrane, John

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pvp.309,40 €

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ISBN:9781843761921
Editorial: Edward Elgar
Fecha de la edición:2005
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Dimensiones: 0 cm x 0 cm
Nº Pág.:634
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Materias:

/ Sistema Financiero
/ Bolsa

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.

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