We develop an overlapping generations monetary endogenous growth (generated by productive public expenditures) model with inflation targeting, characterized by relocation shocks for young agents, which in turn generates a role for money (even in the presence of the return-dominating physical...

We consider the portfolio choice of a government with a Sovereign Wealth Fund (SWF) when government revenues depend on exhaustible resources, such as oil and gas. The question is whether the SWF portfolio should underweight shares in the resource industry. Some studies have found that these...

Recent literature shows that market anomalies have significantly diminished, while research on market factors has largely improved the performance of asset pricing models. In this paper we study the extent to which data envelopment analysis (DEA) techniques can help improve the performance of...

Cover; Title; Copyright; Dedication; Contents; List of Figures; List of Tables; Foreword; 1 Introduction and objectives; 1.1 Why write this book? Who might find it useful? Why five volumes?; 1.1.1 Why write this series? Who might find it useful?; 1.1.2 Why five volumes?; 1.2 Features you'll find...