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Financial Markets and the Real Economy

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Financial Markets and the Real Economy - Cochrane, John H (Editor)
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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.

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Financial Markets and the Real Economy 2006, Edward Elgar Publishing, Cheltenham

ISBN-13: 9781843761921

Hardcover

Financial Markets and the Real Economy 2005, Now Publishers

ISBN-13: 9781933019154

Trade paperback