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Gaston Michel investigates whether shocks to real estate markets constitute an important source of the risk that is priced in the cross section of equity returns. His results document that real estate risk explains a large part of the cross-sectional variation in equity returns. He shows that an...
Persistent link: https://www.econbiz.de/10013521240
A Theoretical Framework -- Specifications and Assumptions -- Underlying Equilibrium Growth Paths -- Variations in Employment -- Some Important Implications -- Exchange Rate Overshooting -- Exchange Rate Determination -- Issues Regarding Exchange Rate Determination -- Time Series Properties of...
Persistent link: https://www.econbiz.de/10013521314
This contribution applies the cointegrated vector autoregressive (CVAR) model to analyze the long-run behavior and short-run dynamics of stock markets across five developed and three emerging economies. The main objective is to check whether liquidity conditions play an important role in stock...
Persistent link: https://www.econbiz.de/10014015328
Persistent link: https://www.econbiz.de/10012053758
Fast täglich kommen neue Hiobsbotschaften aus der Wirtschaft und vonseiten der Finanzmärkte. Aktien verlieren dramatisch an Wert, Banken brechen zusammen, Unternehmen aller Branchen bauen Mitarbeiter ab. Die aktuelle Finanzmarktkrise hat die größte und schwerwiegendste Rezession seit der...
Persistent link: https://www.econbiz.de/10014015046
Persistent link: https://www.econbiz.de/10013521028
dimension, their consequences, and ways to prevent them.” Òscar Jordà, University of California, Davis, USA “Basco’s analysis … blends, in a very rigorous but enjoyable manner , state-of-the-art theory and historical examples, adding also a very timely …
Persistent link: https://www.econbiz.de/10012396926
Introduction -- Sustainable Building Certification and the Rent Premium: A Panel Data Approach -- Operating Expenses and The Rent Premium of Sustainable Buildings -- Sustainability and the Leasing Decision of Office Occupiers in the U.S. -- Summary, Practical Implications, and Further Research.
Persistent link: https://www.econbiz.de/10014018088
:Willingness To Pay -- Endowing Exchange Values: Adam Smith’s Invisible Man -- Why Viability Theory? -- What Is to Be Done?. …This authored monograph presents an unconventional approach to an important topic in economic theory. The author is an … expert in the field of viability theory which was motivated by economics at the end of the 1970's (see Dynamic Economic …
Persistent link: https://www.econbiz.de/10014016934
This collection deals with some interesting economic questions related to construction and real estate, namely how construction firms cope with the volatility of construction; whether speculative bubbles or market fundamentals drive those fluctuations; new techniques to predict construction...
Persistent link: https://www.econbiz.de/10012053771