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In this paper, we study the effects of consumer information on equilibrium market prices and observable product quality …
Persistent link: https://www.econbiz.de/10005660650
We analyze the joint convergence of sequences of discounted stock prices and the Radon-Nicodym derivatives of the …
Persistent link: https://www.econbiz.de/10005660668
We study the simultaneous dynamics of real house prices and rents in Paris during the period 1962-1994, using a …
Persistent link: https://www.econbiz.de/10005660674
prices. It is proved that the minimal martingale measure first introduced by Follmer and Schweizer is a convenient tool for …
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This paper examines the impact of a random number of stock prices changes on the valuation formula for options. The …
Persistent link: https://www.econbiz.de/10005660703
This paper tests for the presence of a credit channel (particularly a bank-lending sub-channel) for monetary policy in the housing market. We argue that the importance of this channel for investment in residential housing is highly dependent on the structural features, and particularly the...
Persistent link: https://www.econbiz.de/10005660786
This paper examines what factors move US and European stock and bond markets, extending earlier work by Campbell and Ammer (1993). Inflation news is incorporated into the stock and bond decomposition and explicit attention is given to different horizons over which expectations are formed....
Persistent link: https://www.econbiz.de/10005660788