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What accounts for the extraordinary performance of the U.S. economy in recent years? How is that we have been able to enjoy such strong economic growth and resulting low unemployment rates without an upturn in inflation? The author reviews the primary explanations offered for these unusually...
Persistent link: https://www.econbiz.de/10005729126
The distribution of returns on common stocks is, arguably, one of the most widely studied financial market characteristics. The performance of stock prices during breaks in trading has received considerable attention in recent years, especially since the advent of "circuit breakers" designed to...
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The measurement of the "average" price of common stocks is a matter of widespread interest. Investors want to know how "the market" is doing, and to be able to compare their returns with a meaningful benchmark. Money managers often have their compensation tied to performance, typically measured...
Persistent link: https://www.econbiz.de/10005729203
The price of equity has soared during the past five years, stoking concerns that stocks' prices might have risen too far, too fast. These concerns became more pressing as the values of equities rose much more rapidly than earnings during 1998 and early 1999, lifting stocks' prices to record...
Persistent link: https://www.econbiz.de/10005526716
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capital throughout the region. ; Having just lost a significant proportion of their capital, many banks tried to satisfy their … capital/asset ratio requirements by shrinking their institutions. This article discusses why banks facing binding capital … constraints will shrink more than unconstrained banks when an adverse capital shock occurs. It shows that New England banks with …
Persistent link: https://www.econbiz.de/10005729194
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The rate of capital formation by businesses has long been among the most closely watched elements of the national … accounts. During the last decade, this component of investment attracted considerable interest as capital spending helped … that recent shifts in the composition of the stock of capital goods and in the relative prices of capital goods have …
Persistent link: https://www.econbiz.de/10005526751