Similar Search Results

Does Home Owning Smooth the Variability of Future Housing Consumption?

Paciorek, Andrew - 2010

We show that the hedging benefit of owning a home reduces the variability of housing consumption after a move. When a current home owner's house price covaries positively with housing costs in a future city, changes in the future cost of housing are offset by commensurate changes in wealth...

Persistent link: https://www.econbiz.de/10012462126

High Idiosyncratic Volatility and Low Returns : International and Further U.S. Evidence

Ang, Andrew - 2008

Stocks with recent past high idiosyncratic volatility have low future average returns around the world. Across 23 developed markets, the difference in average returns between the extreme quintile portfolios sorted on idiosyncratic volatility is -1.31% per month, after controlling for world...

Persistent link: https://www.econbiz.de/10012464908

Productivity Volatility and the Misallocation of Resources in Developing Economies

Collard-Wexler, Allan - 2011

total factor productivity (TFP) and static measures of capital misallocation within a country. Using data on 5 … between productivity volatility and the dispersion of the marginal revenue product of capital (static capital misallocation …-one percent of the static capital misallocation in the data is captured by the model's prediction. Our findings suggest that the …

Persistent link: https://www.econbiz.de/10012461482

R-squared and the Economy

Morck, Randall - 2013

with which firm-specific events occur. A functionally efficient stock market allocates capital to its highest value uses …, which often amounts to financing Schumpeterian creative destruction, wherein creative winner firms outpace destroyed losers …

Persistent link: https://www.econbiz.de/10012459646

Information transmission between Eurocurrency and domestic interest rates : evidence from the UK

Yang, Jian - In: Applied financial economics 16 (2006) 9, pp. 675-685

Persistent link: https://www.econbiz.de/10003334979

Monetary policy implementation and the euro area money market

Moschitz, Julius - In: Applied financial economics 19 (2009) 1/3, pp. 39-57

This article studies the effects of monetary policy implementation on the Euro area money market. In particular, volatility of interest rates with various maturities and volatility transmission along the yield curve are analysed. It is found that the way how monetary policy is implemented...

Persistent link: https://www.econbiz.de/10003825802