Narrow search
Showing 1 - 10 of 13,117
Cover Image
Bubbles and Stagnation
Xavier, Inês - 2022
This paper studies the consequences of asset bubbles for economies that are vulnerable to persistent stagnation. Stagnation is the result of a shortage of assets that creates an oversupply of savings and puts downward pressure on the level of interest rates. Once the zero lower bound on the...
Persistent link: https://www.econbiz.de/10013406094
Cover Image
Understanding asset correlations
Burkhardt, Dominic; Hasseltoft, Henrik - 2012 - This draft: September 2012
We document an inverse relation between stock-bond correlations and correlations of growth and inflation. We find that … rising inflation uncertainty lowers stock prices but can either lower or raise nominal bond prices depending on whether … important drivers of stock-bond correlations during the countercyclical period 1965-2000 while output shocks dominated during …
Persistent link: https://www.econbiz.de/10009684165
Cover Image
The relationship between long-term portfolio investments and growth in the context of asset characteristics and development level
Sugozu, Ibrahim Halil; Yasar, Sema; Verberi, Can - In: Borsa Istanbul Review 23 (2023) 1, pp. 34-43
developing countries. However, stocks and long-term bond portfolio investment are unrelated to economic growth in developed …
Persistent link: https://www.econbiz.de/10014307374
Cover Image
Characterizing Value and Growth Investing in Institutional Portfolios
Faugère, Christophe - 2010
Using a unique money manager database that allows managers to identify their own investment styles, we examine 4,754 non mutual fund value- and growth-oriented portfolios over the period 1999-2003. Consistent with style definitions, we find that on average, growth funds have price-earnings...
Persistent link: https://www.econbiz.de/10013138275
Cover Image
Secular Stagnation, R&D, Public Investment and Monetary Policy : A Global-Model Perspective
Cova, Pietro - 2017
We evaluate the global macroeconomic effects of fiscal and monetary policy measures to counterbalance secular stagnation by simulating a five-region New Keynesian model of the world economy, calibrated to the United States (US), the euro area (EA), Japan (JP), China (CH), and the rest of the...
Persistent link: https://www.econbiz.de/10012941766
Cover Image
Capital misallocation and secular stagnation
Caggese, Andrea; Pérez, Ander - 2017 - This version: January 17, 2017
The widespread emergence of intangible technologies in recent decades may have significantly hurt output growth -- even when these technologies replaced considerably less productive tangible technologies -- because of structurally low interest rates caused by demographic forces. This insight is...
Persistent link: https://www.econbiz.de/10011708126
Cover Image
Real Interest Rate and Growth Rate : Theory and Empirical Evidence
Le Page, Jean Marie - 2012
predictions of the theory. The real interest rate should exceed the growth rate in the long run. This hierarchy has important … consequences on the public finances. The Solow-Ramsey-Cass model fits better to the data than the endogenous growth theory …
Persistent link: https://www.econbiz.de/10013110039
Cover Image
Evaluation of long-dated investments under uncertain growth trend, volatility and catastrophes
Gollier, Christian - 2012
Because of the uncertainty about how to model the growth process of our economy, there is still much confusion about which discount rates should be used to evaluate actions having long-lasting impacts, as in the contexts of climate change, social security reforms or large public infrastructures...
Persistent link: https://www.econbiz.de/10009689360
Cover Image
Evaluation of Long-Dated Investments Under Uncertain Growth Trend, Volatility and Catastrophes
Gollier, Christian - 2021
Because of the uncertainty about how to model the growth process of our economy, there is still much confusion about which discount rates should be used to evaluate actions having long-lasting impacts, as in the contexts of climate change, social security reforms or large public infrastructures...
Persistent link: https://www.econbiz.de/10013315817
Cover Image
Diversification of Risk and Growth
Wilson, Bonnie - 2004
This paper provides evidence that domestic opportunities to share risk have contributed to slower growth. We first provide a simple model economy that demonstrates how a country's ability to diversify risk is linked to its growth rate. In the context of the model economy, we then investigate...
Persistent link: https://www.econbiz.de/10014069642