An Empirical Investigation of Asset Pricing With Temporally Dependent Preference Specifications (Classic Reprint) PDF Download
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Author: John Heaton
Publisher: Forgotten Books
ISBN: 9780656510658
Category : Mathematics
Languages : en
Pages : 66
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Book Description
Excerpt from An Empirical Investigation of Asset Pricing With Temporally Dependent Preference Specifications A goal of this paper is to try to sort out the importance of all of these different effects. In studying these issues I investigated a model in which consumption is locally substitutable. I modeled this by assuming that the consumption good is durable. Habit was modeled as developing over the flow of services from the consumption good and, as a result, habit over consumption itself develops much more slowly. I was careful to take account of the fact that observed consumption is time averaged. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: John Heaton
Publisher: Forgotten Books
ISBN: 9780656510658
Category : Mathematics
Languages : en
Pages : 66
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Book Description
Excerpt from An Empirical Investigation of Asset Pricing With Temporally Dependent Preference Specifications A goal of this paper is to try to sort out the importance of all of these different effects. In studying these issues I investigated a model in which consumption is locally substitutable. I modeled this by assuming that the consumption good is durable. Habit was modeled as developing over the flow of services from the consumption good and, as a result, habit over consumption itself develops much more slowly. I was careful to take account of the fact that observed consumption is time averaged. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: John Heaton
Publisher:
ISBN:
Category :
Languages : en
Pages : 66
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Book Description
Author: Turan G. Bali
Publisher: John Wiley & Sons
ISBN: 1118095049
Category : Business & Economics
Languages : en
Pages : 517
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Book Description
“Bali, Engle, and Murray have produced a highly accessible introduction to the techniques and evidence of modern empirical asset pricing. This book should be read and absorbed by every serious student of the field, academic and professional.” Eugene Fama, Robert R. McCormick Distinguished Service Professor of Finance, University of Chicago and 2013 Nobel Laureate in Economic Sciences “The empirical analysis of the cross-section of stock returns is a monumental achievement of half a century of finance research. Both the established facts and the methods used to discover them have subtle complexities that can mislead casual observers and novice researchers. Bali, Engle, and Murray’s clear and careful guide to these issues provides a firm foundation for future discoveries.” John Campbell, Morton L. and Carole S. Olshan Professor of Economics, Harvard University “Bali, Engle, and Murray provide clear and accessible descriptions of many of the most important empirical techniques and results in asset pricing.” Kenneth R. French, Roth Family Distinguished Professor of Finance, Tuck School of Business, Dartmouth College “This exciting new book presents a thorough review of what we know about the cross-section of stock returns. Given its comprehensive nature, systematic approach, and easy-to-understand language, the book is a valuable resource for any introductory PhD class in empirical asset pricing.” Lubos Pastor, Charles P. McQuaid Professor of Finance, University of Chicago Empirical Asset Pricing: The Cross Section of Stock Returns is a comprehensive overview of the most important findings of empirical asset pricing research. The book begins with thorough expositions of the most prevalent econometric techniques with in-depth discussions of the implementation and interpretation of results illustrated through detailed examples. The second half of the book applies these techniques to demonstrate the most salient patterns observed in stock returns. The phenomena documented form the basis for a range of investment strategies as well as the foundations of contemporary empirical asset pricing research. Empirical Asset Pricing: The Cross Section of Stock Returns also includes: Discussions on the driving forces behind the patterns observed in the stock market An extensive set of results that serve as a reference for practitioners and academics alike Numerous references to both contemporary and foundational research articles Empirical Asset Pricing: The Cross Section of Stock Returns is an ideal textbook for graduate-level courses in asset pricing and portfolio management. The book is also an indispensable reference for researchers and practitioners in finance and economics. Turan G. Bali, PhD, is the Robert Parker Chair Professor of Finance in the McDonough School of Business at Georgetown University. The recipient of the 2014 Jack Treynor prize, he is the coauthor of Mathematical Methods for Finance: Tools for Asset and Risk Management, also published by Wiley. Robert F. Engle, PhD, is the Michael Armellino Professor of Finance in the Stern School of Business at New York University. He is the 2003 Nobel Laureate in Economic Sciences, Director of the New York University Stern Volatility Institute, and co-founding President of the Society for Financial Econometrics. Scott Murray, PhD, is an Assistant Professor in the Department of Finance in the J. Mack Robinson College of Business at Georgia State University. He is the recipient of the 2014 Jack Treynor prize.
Author: Christopher Mark Otrok
Publisher:
ISBN:
Category : Capital assets pricing model
Languages : en
Pages : 256
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Book Description
Author: Alan A. Rabin
Publisher: CRC Press
ISBN: 9780824707811
Category : Political Science
Languages : en
Pages : 1848
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Book Description
Examines the politics of economic policy, focusing on forecasting, inflation, interest rates, market expectations, financial crises, disruptions in global markets, and tax policy, as well as state and local government budgeting, financial management, and policy initiatives for development and growth.
Author: Jack Rabin
Publisher: CRC Press
ISBN: 0585425515
Category : Business & Economics
Languages : en
Pages : 1009
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Book Description
This handbook explains the development and implementation of monetary policy. It examines theories and issues related to the preservation of economic activity and explores why the preservation of economic stability is a principal goal of public policy.
Author: Suat Teker
Publisher:
ISBN:
Category :
Languages : en
Pages : 486
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Book Description
Author: Victor Ng
Publisher:
ISBN:
Category : Stocks
Languages : en
Pages : 216
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Book Description
Author: Joanna Wayland Woos
Publisher:
ISBN:
Category :
Languages : en
Pages : 156
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Book Description
Author: Sung-Sup Choi
Publisher:
ISBN:
Category :
Languages : en
Pages : 398
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Book Description
