Showing 1 - 10 of 20
Investor aversion to risk varies over the course of the economic cycle. In the current recovery, the rebound in risk …-taking is near the top of the historical range. The pace of economic growth does not appear to explain the increase in risk … decline in the spread between risky and risk-free bonds. …
Persistent link: https://www.econbiz.de/10010723000
Persistent link: https://www.econbiz.de/10005346278
Persistent link: https://www.econbiz.de/10005346304
Persistent link: https://www.econbiz.de/10005346308
Persistent link: https://www.econbiz.de/10005346354
A recent front-page article in the Wall Street Journal documented an increasing tendency among economists to move away from theories of efficient stock market valuation in favor of "behavioral" models that emphasize the role of irrational investors (see Hilsenrath 2004). The long-run rate of...
Persistent link: https://www.econbiz.de/10005346403
Persistent link: https://www.econbiz.de/10005346588
Persistent link: https://www.econbiz.de/10005346655
Persistent link: https://www.econbiz.de/10005346712
This Economic Letter reviews the current facts about the current account deficit and its determinants, and describes the channels through which it is affected by an increase in trend labor productivity growth.
Persistent link: https://www.econbiz.de/10005346753