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This book presents an up-to-date overview of the theory as well as the empirics of the relationship between investment … investment theory, professionals in the financial sector and students of macroeconomics and finance. Investment, Capital Market …
Persistent link: https://www.econbiz.de/10014473824
adding to the existing thought in this area, with insights from game theory, rational choice under uncertainty and new … exposition of the risk/return trade-off and how major capital investment decisions are made within firms. Topics studied include …
Persistent link: https://www.econbiz.de/10014473863
differing views regarding the role of economic theory as applied to the real world. William Greer reveals that the intellectual …
Persistent link: https://www.econbiz.de/10014474106
This outstanding collection of William Brock's essays illustrates the power of dynamic modelling to shed light on the forces for stability and instability in economic systems. The articles selected reflect his best work and are indicative both of the type of policy problem that he finds...
Persistent link: https://www.econbiz.de/10014473837
This thought provoking book is concerned with the need to deal adequately with uncertainty in environmental decision making. The author advances a critique of the use of traditional models and then develops an alternative model of decision making under uncertainty, based on the work of George...
Persistent link: https://www.econbiz.de/10011851362
"Presenting innovative modelling approaches to the analysis of fiscal policy and government debt, this book moves beyond previous models that have relied upon the assumption that various age-specific rates and policy variables remain unchanged when it comes to generating government expenditures...
Persistent link: https://www.econbiz.de/10012416712
Recently there has been a resurgence of interest in the study of optimal monetary policy under uncertainty. This book provides a thorough survey of the literature that has resulted from this renewed interest. The authors ground recent contributions on the 'science of monetary policy' in the...
Persistent link: https://www.econbiz.de/10012420009
One of the unforeseen consequences of the WTO agreements has been controversy over risk. This volume explores aspects … of risk with special reference to the WTO, where national instruments to reduce risk may conflict with international … trade rules. The book is divided into sections dealing with: accounting for risk in trade agreements; risk and the WTO …
Persistent link: https://www.econbiz.de/10011851983
Edition, McGraw-Hill. -- Lando, D. (2004), Credit Risk Modeling: Theory and Applications, Princeton University Press … Unknowable in Financial Risk Management: Measurement and Theory Advancing Practice, Chapter 1, Princeton, NJ: Princeton …-91 -- William F. Sharpe (1964), 'Capital Asset Prices: A Theory of Market Equilibrium under Conditions of Risk', Journal of Finance …
Persistent link: https://www.econbiz.de/10011852322
neoclassical theory to deal with uncertainty and risk aversion is based upon a string of assumptions which are empirically false …In Finance, Investment and Macroeconomics, Myron J. Gordon advances a theory of finance and investment under … uncertainty and risk aversion which resolves problems left unsolved by Keynes in a manner consistent with his work. Keynes …
Persistent link: https://www.econbiz.de/10014473927