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Comovement, Excess Volatility, and Home Production
Chang, Yongsung - 2002
Two investment anomalies in aggregate home-production models are investigated: excess volatility and comovement. Adjustment cost in capital accumulation reduces both volatility and the negative correlation in investments on capital goods in the market and at home. Investments comove to the...
Persistent link: https://www.econbiz.de/10014141009
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Does market incompleteness matter for asset prices?
Guvenen, Fatih; Kuruşçu, Burhanettin - In: Journal of the European Economic Association 4 (2006) 2/3, pp. 484-492
Persistent link: https://www.econbiz.de/10003353469
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Asymmetric monetary policy towards the stock market : a DSGE approach
Ravn, Søren Hove - 2012
In the aftermath of the financial crisis, it has been argued that a guideline for future policy should be to take the 'a' out of 'asymmetry' in the way monetary policy deals with asset price movements. Recent empirical evidence has suggested that the Federal Reserve may have followed an...
Persistent link: https://www.econbiz.de/10009413318
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Monetary policy and stock market boom-bust cycles
Christiano, Lawrence J.; Ilut, Cosmin; Motto, Roberto - 2008
We explore the dynamic effects of news about a future technology improvement which turns out ex post to be overoptimistic. We find that it is difficult to generate a boom-bust cycle (a period in which stock prices, consumption, investment and employment all rise and then crash) in response to...
Persistent link: https://www.econbiz.de/10003803289
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Rational belief bubbles
Sohn, Hyun-U; Sornette, Didier - 2020
We propose an extension of the class of rational expectations bubbles (REBs) to the more general rational beliefs setting of Kurz (1994a,b). In a potentially non-stationary but stationarizable environment, among an heterogenous population of agents, it is possible to hold more than one...
Persistent link: https://www.econbiz.de/10012181099
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Payments, Credit and Asset Prices
Piazzesi, Monika - 2018
This paper studies a modern monetary economy: trade in both goods and securities relies on money provided by intermediaries. While money is valued for its liquidity, its creation requires costly leverage. Inflation, security prices and the transmission of monetary policy then depend on the...
Persistent link: https://www.econbiz.de/10012914919
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The Effect of Gender on Stock Price Reaction to the Appointment of Directors : The Case of the FTSE 100
Lucey, Brian M. - 2011
price reaction to the appointment of Directors suggests that gender is not an issue in the appointment of Non …
Persistent link: https://www.econbiz.de/10013128924
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Does Gender Matter in the Boardroom? Evidence from the Market Reaction to Mandatory New Director Announcements
Adams, Renee B. - 2012
Around the world, policy makers are mandating gender quotas for boards of publicly-traded firms. Since the benefits and …. Using data on mandatory announcements of new director appointments, we find that the gender of directors appears to be value … workplace practices in place to promote workplace equality appear to benefit the most from boardroom gender diversity. This …
Persistent link: https://www.econbiz.de/10013113647
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Is Monetary Policy Gender Neutral? Evidence from the Stock Market
Forti Grazzini, Caterina - 2020
the stock market decreases. On the other hand, monetary policy is gender-neutral for stock market participants: there are …
Persistent link: https://www.econbiz.de/10012843904
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Discrimination in the Stock Market : Board Gender and Stock Performance
Sanford, Anthony - 2019
returns. The goal is to determine whether the gender of an incoming board member is perceived differently by investors …. Scholarly findings on gender and leadership have been mixed at best. Overall, the evidence seems to indicate that women and men …
Persistent link: https://www.econbiz.de/10012889129