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Financial Markets And The Real Economy John H. Cochrane
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Financial Markets And The Real Economy
John H. Cochrane
This insightful collection examines the intersection between macroeconomics and finance. The key challenge in this area is to find the right measure of 'bad times' (the marginal value of wealth) to explain some assets' high average returns or low prices as compensation for those assets' tendency to pay off poorly in bad times.
720 pages
| Media | Books Book |
| Released | January 27, 2006 |
| ISBN13 | 9781843761921 |
| Publishers | Edward Elgar Publishing Ltd |
| Pages | 720 |
| Dimensions | 169 × 244 × 58 mm · 1.38 kg |
| Editor | Cochrane, John H. |
