Author: Bernard Dumas
Publisher:
ISBN:
Category : Capital market
Languages : en
Pages : 72
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Book Description
In this essay, I discuss and compare two ways of modeling international capital market equilibrium: the orthodox, general-equilibrium approach and the heterodox, partial-equilibrium CAPM (Capital Asset Pricing Model) approach. The benchmark for this comparison is the model's ability to provide an explanation for, or take into account, a number of stylized facts of international finance: UIRP deviations, home-equity preference, PPP deviations and their persistence, consumption behavior in relation to wealth. In addition, I ask which approach is more likely in future research to help us identify the relevant state variables of the economy. None of the models satisfactorily explains the stylized facts but the CAPM approach affords the most productive avenue for empirical research in the immediate future.
Author: Bernard Dumas (Economiste.)
Publisher:
ISBN:
Category :
Languages : en
Pages : 54
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Book Description
Author: Bernard Dumas
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Bernard Dumas
Publisher:
ISBN:
Category :
Languages : es
Pages : 54
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Book Description
Author: Bernard Dumas
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Author: Bernard Dumas
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author: Mary E. Burfisher
Publisher: Cambridge University Press
ISBN: 1107132207
Category : Business & Economics
Languages : en
Pages : 443
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Book Description
The book provides a hands-on introduction to computable general equilibrium (CGE) models, written at an accessible, undergraduate level.
Author: Günter Bamberg
Publisher: Springer Science & Business Media
ISBN: 3642709958
Category : Business & Economics
Languages : en
Pages : 233
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Author: Haris Doukas
Publisher: Springer
ISBN: 3030031527
Category : Business & Economics
Languages : en
Pages : 271
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Book Description
This open access book analyzes and seeks to consolidate the use of robust quantitative tools and qualitative methods for the design and assessment of energy and climate policies. In particular, it examines energy and climate policy performance and associated risks, as well as public acceptance and portfolio analysis in climate policy, and presents methods for evaluating the costs and benefits of flexible policy implementation as well as new framings for business and market actors. In turn, it discusses the development of alternative policy pathways and the identification of optimal switching points, drawing on concrete examples to do so. Lastly, it discusses climate change mitigation policies’ implications for the agricultural, food, building, transportation, service and manufacturing sectors.
Author: Bruno H. Solnik
Publisher:
ISBN:
Category : Equilibrium (Economics)
Languages : en
Pages : 58
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Book Description
