Asset Pricing for Dynamic Economies

Name: Asset Pricing for Dynamic Economies
Price: 20.93 USD
Availability: InStock
ISBN: 9780521699143

ISBN-10: 0521699142

ISBN-13: 9780521699143

Edition: 2008

Authors: Sumru Altug, Pamela Labadie

List price: $39.99

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Description:

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: Provides a consistent framework for understanding dynamic economic models Introduces key concepts in finance in a discrete time setting Develops simple recursive approach for analyzing a variety of problems in a dynamic, stochastic environment Sequentially builds up the analysis of consumption, production, and investment models to study their implications for allocations and asset prices Reviews…

Book details

List price: $39.99
Copyright year: 2008
Publisher: Cambridge University Press
Publication date: 9/11/2008
Binding: Paperback
Pages: 600
Size: 6.89" wide x 9.72" long x 1.42" tall
Weight: 2.574
Language: English

Sumru Altug is Professor of Economics at Koï¿½ University, Istanbul, and Research Fellow on the International Macroeconomics Programme at the Centre for Economic Policy Research (CEPR), London.

Pamela Labadie is Professor of Economics at George Washington University, Washington DC.



List of figures


List of tables


Preface



Basic Concepts



Complete contingent claims



Arbitrage and asset valuation



Expected utility



CAPM and APT



Consumption and saving



Recursive Models



Dynamic programming



Intertemporal risk sharing



Consumption and asset pricing



Nonseparable preferences



Economies with production



Investment



Business cycles



Monetary and International Models



Models with money



International models



Models with Market Incompleteness



Asset pricing with frictions



Borrowing constraints



Overlapping generations models



Supplementary Material


A. Mathematical appendix


References


Index