The paper explores the implications for monetary policy from the greater integration of major capital markets since 1980 using long‐term interest rates. The empirical approach is the multivariate vector moving average GARCH model, which examines the nature of the spillover mechanism across...

Purpose – The purpose of this paper is to re‐examine the relationship between real investment and stock prices for the USA for 1960‐2005 in view of distinct economic regimes during the 40‐year period. Design/methodology/approach – The paper employs simple models of investment, checks...

Cover -- Half Title -- Title Page -- Copyright Page -- Dedication -- Contents -- List of illustrations -- Acknowledgments -- Preface to second edition -- Preface to first edition -- PART I INVESTMENT BASICS -- 1 The investment framework -- 1.1 Introduction -- 1.2 The general financial and...