Financial Markets and the Real Economy

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.

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Other Persons:	Cochrane, John H. (contributor)
Institutions:	Edward Elgar
Subject:	Economics and Finance

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Extent:	application/pdf
Series:	Books.
Type of publication:	Book / Working Paper
Classification:	F5 - International Relations and International Political Economy
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011273462