Asset pricing for dynamic economies / Sumru Altug and Pamela Labadie.
"This introduction to general equilibrium modelling takes an integrated approach to the analysis of macroeconomics and finance. It provides students, practitioners, and policymakers with an easily accessible set of tools that can be used to analyze a wide range of economic phenomena. Key featur...
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| Main Authors: | , |
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| Format: | Book |
| Language: | English |
| Published: |
Cambridge, UK ; New York :
Cambridge University Press,
2008.
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| Subjects: | |
| Online Access: | Contributor biographical information |
| Summary: | "This introduction to general equilibrium modelling takes an integrated approach to the analysis of macroeconomics and finance. It provides students, practitioners, and policymakers with an easily accessible set of tools that can be used to analyze a wide range of economic phenomena. Key features: вovides a consistent framework for understanding dynamic economic models ɮtroduces key concepts in finance in a discrete time setting ĥvelops simple recursive approach for analyzing a variety of problems in a dynamic, stochastic environment ӥquentially builds up the analysis of consumption, production, and investment models to study their implications for allocations and asset prices ҥviews business cycle analysis and the business cycle implications of monetary and international models ïvers latest research on asset pricing in overlapping generations models and on models with borrowing constraints and transaction costs ɮcludes end-of-chapter exercises allowing readers to monitor their understanding of each topic Online resources are available at www.cambridge.org/altug_labadie"--Publisher description. |
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| Physical Description: | xvi, 584 pages : illustrations ; 26 cm |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 0521875854 9780521875851 0521699142 9780521699143 |