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The transition from industrial capitalism to a financialized bubble economy

Hudson, Michael - 2010

For the past decade, the U.S. economy has been driven not by industrial investment but by a real estate bubble. Although the United States may seem to be the leading example of industrial capitalism, its economy is no longer based mainly on investing in capital goods to employ labor to produce...

Persistent link: https://www.econbiz.de/10008664002

Durability of output and expected stock returns

Gomes, João; Kogan, Leonid; Yogo, Motohiro - 2007

The demand for durable goods is more cyclical than that for nondurable goods and services. Consequently, the cash flow and stock returns of durable-good producers are exposed to higher systematic risk. Using the NIPA input-output tables, we construct portfolios of durable-good, nondurable-good,...

Persistent link: https://www.econbiz.de/10003449724

Essays on consumption and expected returns

Yogo, Motohiro - 2004

Persistent link: https://www.econbiz.de/10003387664

Durability of output and expected stock returns

Gomes, João F.; Kogan, Leonid; Yogo, Motohiro - In: Journal of political economy 117 (2009) 5, pp. 941-986

Persistent link: https://www.econbiz.de/10003936676

New orders and asset prices

Jones, Christopher S.; Tuzel, Selale - In: The review of financial studies 26 (2013) 1, pp. 115-157

Persistent link: https://www.econbiz.de/10009717757

Durability of output and expected stock returns

Gomes, João (contributor); Kogan, Leonid (contributor); … - 2007 - Rev.

"The demand for durable goods is more cyclical than that for nondurable goods and services. Consequently, the cash flow and stock returns of durable-good producers are exposed to higher systematic risk. Using the NIPA input-output tables, we construct portfolios of durable-good, nondurable-good,...

Persistent link: https://www.econbiz.de/10003726989

United States Competition Policy in Crisis : 1890-1955

Hovenkamp, Herbert - 2010

The development of marginalist, or neoclassical, economics led to a fifty-year long crisis in competition theory. Given … theory of monopolistic competition came with its own problems, however - namely, quot;excessivequot; product variety and …'s theory of workable competition in 1940 and the Mason-Bain structure-conduct-performance paradigm developed in the 1950s did …

Persistent link: https://www.econbiz.de/10012758884

The International Spillovers of the 2010 U.S. Flash Crash

Jansen, David-Jan - 2018

This paper studies the intraday spillovers of the 2010 U.S. Flash Crash to international equity markets. We document a substantial and almost immediate echo of the crash in Latin America. Using data for 148 firms trading in Argentina, Brazil, Chile, or Mexico, we estimate price declines of up to...

Persistent link: https://www.econbiz.de/10012925008

How the U.S. Treasury Avoided Chronic Deflation by Relinquishing Monetary Control to Wall Street

Hudson, Michael - 2015

The Eurozone today is going into the same deflationary situation that the U.S. did under Jackson's destruction of the Second Bank, and the post-Civil War budget surpluses that deflated the economy. But whereas the Fed's creation was designed to inflate the U.S. economy, Europe's European Central...

Persistent link: https://www.econbiz.de/10013013334

An Introduction to U.S. Commodity Futures Markets : A Historical Perspective Along with Commodity Trading Principles

Till, Hilary - 2016

This paper provides an introduction to U.S. commodity futures markets, which is especially relevant for individuals in developing markets who are newly embracing market solutions to financial uncertainty. The paper specifically covers the following topics: (1) the beginning, transformation, and...

Persistent link: https://www.econbiz.de/10012985441

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