Interest and Prices

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Publisher : Princeton University Press
ISBN 13 : 1400830168
Total Pages : 805 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Interest and Prices by : Michael Woodford

Download or read book Interest and Prices written by Michael Woodford and published by Princeton University Press. This book was released on 2011-12-12 with total page 805 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the collapse of the Bretton Woods system, any pretense of a connection of the world's currencies to any real commodity has been abandoned. Yet since the 1980s, most central banks have abandoned money-growth targets as practical guidelines for monetary policy as well. How then can pure "fiat" currencies be managed so as to create confidence in the stability of national units of account? Interest and Prices seeks to provide theoretical foundations for a rule-based approach to monetary policy suitable for a world of instant communications and ever more efficient financial markets. In such a world, effective monetary policy requires that central banks construct a conscious and articulate account of what they are doing. Michael Woodford reexamines the foundations of monetary economics, and shows how interest-rate policy can be used to achieve an inflation target in the absence of either commodity backing or control of a monetary aggregate. The book further shows how the tools of modern macroeconomic theory can be used to design an optimal inflation-targeting regime--one that balances stabilization goals with the pursuit of price stability in a way that is grounded in an explicit welfare analysis, and that takes account of the "New Classical" critique of traditional policy evaluation exercises. It thus argues that rule-based policymaking need not mean adherence to a rigid framework unrelated to stabilization objectives for the sake of credibility, while at the same time showing the advantages of rule-based over purely discretionary policymaking.

The Price of Time

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Publisher : Grove Press
ISBN 13 : 0802160077
Total Pages : 375 pages
Book Rating : 4.8/5 (21 download)

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Book Synopsis The Price of Time by : Edward Chancellor

Download or read book The Price of Time written by Edward Chancellor and published by Grove Press. This book was released on 2022-08-16 with total page 375 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive and profoundly relevant history of interest from one of the world’s leading financial writers, The Price of Time explains our current global financial position and how we got here In the beginning was the loan, and the loan carried interest. For at least five millennia people have been borrowing and lending at interest. The practice wasn’t always popular—in the ancient world, usury was generally viewed as exploitative, a potential path to debt bondage and slavery. Yet as capitalism became established from the late Middle Ages onwards, denunciations of interest were tempered because interest was a necessary reward for lenders to part with their capital. And interest performs many other vital functions: it encourages people to save; enables them to place a value on precious assets, such as houses and all manner of financial securities; and allows us to price risk. All economic and financial activities take place across time. Interest is often described as the “price of money,” but it is better called the “price of time:” time is scarce, time has value, interest is the time value of money. Over the first two decades of the twenty-first century, interest rates have sunk lower than ever before. Easy money after the global financial crisis in 2007/2008 has produced several ill effects, including the appearance of multiple asset price bubbles, a reduction in productivity growth, discouraging savings and exacerbating inequality, and forcing yield starved investors to take on excessive risk. The financial world now finds itself caught between a rock and a hard place, and Edward Chancellor is here to tell us why. In this enriching volume, Chancellor explores the history of interest and its essential function in determining how capital is allocated and priced.

Exploring the Psychology of Interest

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Publisher : Oxford University Press
ISBN 13 : 0199722072
Total Pages : 272 pages
Book Rating : 4.1/5 (997 download)

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Book Synopsis Exploring the Psychology of Interest by : Paul J. Silvia

Download or read book Exploring the Psychology of Interest written by Paul J. Silvia and published by Oxford University Press. This book was released on 2006-04-13 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Psychologists have always been interested in interest, and so modern research on interest can be found in nearly every area of the field: Researchers studying emotions, cognition, development, education, aesthetics, personality, motivation, and vocations have developed intriguing ideas about what interest is and how it works. Exploring the Psychology of Interest presents an integrated picture of how interest has been studied in all the wide-ranging areas of psychology. Using modern theories of cognition and emotion as an integrative framework, Paul Silvia examines the nature of interest, what makes things interesting, the role of interest in personality, and the development of peoples idiosyncratic interests, hobbies, and avocations. His examination reveals deep similarities between seemingly different fields of psychology and illustrates the profound importance of interest, curiosity, and intrinsic motivation for understanding why people do what they do. The most comprehensive work of its kind, Exploring the Psychology of Interest will be a valuable resource for student and professional researchers in cognitive, social, and developmental psychology.

Interest and Connection in the Eighteenth Century

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Publisher : University of Virginia Press
ISBN 13 : 0813945062
Total Pages : 257 pages
Book Rating : 4.8/5 (139 download)

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Book Synopsis Interest and Connection in the Eighteenth Century by : Jacob Sider Jost

Download or read book Interest and Connection in the Eighteenth Century written by Jacob Sider Jost and published by University of Virginia Press. This book was released on 2020-12-03 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Can a single word explain the world? In the British eighteenth century, interest comes close: it lies at the foundation of the period’s thinking about finance, economics, politics, psychology, and aesthetics. Interest and Connection in the Eighteenth Century provides the first comprehensive account of interest in an era when a growing national debt created a new class of rentiers who lived off of interest, the emerging discipline of economics made self-interest an axiom of human behavior, and booksellers began for the first time to market books by calling them "interesting." Sider Jost reveals how the multiple meanings of interest allowed writers to make connections—from witty puns to deep structural analogies—among different spheres of eighteenth-century life. Challenging a long and influential tradition that reads the eighteenth century in terms of individualism, atomization, abstraction, and the hegemony of market-based thinking, this innovative study emphasizes the importance of interest as an idiom for thinking about concrete social ties, at court and in families, universities, theaters, boroughs, churches, and beyond. To "be in the interest of" or "have an interest with" another was a crucial relationship, one that supplied metaphors and habits of thought across the culture. Interest and Connection in the Eighteenth Century recovers the small, densely networked world of Hanoverian Britain and its self-consciously inventive language for talking about human connection.

Interest Rate Markets

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Publisher : John Wiley & Sons
ISBN 13 : 111801779X
Total Pages : 373 pages
Book Rating : 4.1/5 (18 download)

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Book Synopsis Interest Rate Markets by : Siddhartha Jha

Download or read book Interest Rate Markets written by Siddhartha Jha and published by John Wiley & Sons. This book was released on 2011-02-11 with total page 373 pages. Available in PDF, EPUB and Kindle. Book excerpt: How to build a framework for forecasting interest rate market movements With trillions of dollars worth of trades conducted every year in everything from U.S. Treasury bonds to mortgage-backed securities, the U.S. interest rate market is one of the largest fixed income markets in the world. Interest Rate Markets: A Practical Approach to Fixed Income details the typical quantitative tools used to analyze rates markets; the range of fixed income products on the cash side; interest rate movements; and, the derivatives side of the business. Emphasizes the importance of hedging and quantitatively managing risks inherent in interest rate trades Details the common trades which can be used by investors to take views on interest rates in an efficient manner, the methods used to accurately set up these trades, as well as common pitfalls and risks?providing examples from previous market stress events such as 2008 Includes exclusive access to the Interest Rate Markets Web site which includes commonly used calculations and trade construction methods Interest Rate Markets helps readers to understand the structural nature of the rates markets and to develop a framework for thinking about these markets intuitively, rather than focusing on mathematical models

Interest Rate Swaps and Other Derivatives

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Publisher : Columbia University Press
ISBN 13 : 0231530366
Total Pages : 623 pages
Book Rating : 4.2/5 (315 download)

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Book Synopsis Interest Rate Swaps and Other Derivatives by : Howard Corb

Download or read book Interest Rate Swaps and Other Derivatives written by Howard Corb and published by Columbia University Press. This book was released on 2012-08-28 with total page 623 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first swap was executed over thirty years ago. Since then, the interest rate swaps and other derivative markets have grown and diversified in phenomenal directions. Derivatives are used today by a myriad of institutional investors for the purposes of risk management, expressing a view on the market, and pursuing market opportunities that are otherwise unavailable using more traditional financial instruments. In this volume, Howard Corb explores the concepts behind interest rate swaps and the many derivatives that evolved from them. Corb's book uniquely marries academic rigor and real-world trading experience in a compelling, readable style. While it is filled with sophisticated formulas and analysis, the volume is geared toward a wide range of readers searching for an in-depth understanding of these markets. It serves as both a textbook for students and a must-have reference book for practitioners. Corb helps readers develop an intuitive feel for these products and their use in the market, providing a detailed introduction to more complicated trades and structures. Through examples of financial structuring, readers will come away with an understanding of how derivatives products are created and how they can be deconstructed and analyzed effectively.

Appeals to Interest

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Publisher : Penn State Press
ISBN 13 : 0271072172
Total Pages : 242 pages
Book Rating : 4.2/5 (71 download)

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Book Synopsis Appeals to Interest by : Dean Mathiowetz

Download or read book Appeals to Interest written by Dean Mathiowetz and published by Penn State Press. This book was released on 2015-06-13 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: It has become a commonplace assumption in modern political debate that white and rural working- and middle-class citizens in the United States who have been rallied by Republicans in the “culture wars” to vote Republican have been voting “against their interests.” But what, exactly, are these “interests” that these voters are supposed to have been voting against? It reveals a lot about the role of the notion of interest in political debate today to realize that these “interests” are taken for granted to be the narrowly self-regarding, primarily economic “interests” of the individual. Exposing and contesting this view of interests, Dean Mathiowetz finds in the language of interest an already potent critique of neoliberal political, theoretical, and methodological imperatives—and shows how such a critique has long been active in the term’s rich history. Through an innovative historical investigation of the language of interest, Mathiowetz shows that appeals to interest are always politically contestable claims about “who” somebody is—and a provocation to action on behalf of that “who.” Appeals to Interest exposes the theoretical and political costs of our widespread denial of this crucial role of interest-talk in the constitution of political identity, in political theory and social science alike.

The Public Use of Private Interest

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Publisher : Brookings Institution Press
ISBN 13 : 0815719051
Total Pages : 104 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis The Public Use of Private Interest by : Charles L. Schultze

Download or read book The Public Use of Private Interest written by Charles L. Schultze and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: According to conventional wisdom, government may intervene when private markets fail to provide goods and services that society values. This view has led to the passage of much legislation and the creation of a host of agencies that have attempted, by exquisitely detailed regulations, to compel legislatively defined behavior in a broad range of activities affecting society as a whole—health care, housing, pollution abatement, transportation, to name only a few. Far from achieving the goals of the legislators and regulators, these efforts have been largely ineffective; worse, they have spawned endless litigation and countless administrative proceedings as the individuals and firms on who the regulations fall seek to avoid, or at least soften, their impact. The result has been long delays in determining whether government programs work at all, thwarting of agreed-upon societal aims, and deep skepticism about the power of government to make any difference. Strangely enough in a nation that since its inception has valued both the means and the ends of the private market system, the United States has rarely tried to harness private interests to public goals. Whenever private markets fail to produce some desired good or service (or fail to deter undesirable activity), the remedies proposed have hardly ever involved creating a system of incentives similar to those of the market place so as to make private choice consonant with public virtue. In this revision of the Godkin Lectures presented at Harvard University in November and December 1976, Charles L. Schultze examines the sources of this paradox. He outlines a plan for government intervention that would turn away from the direct "command and control" regulating techniques of the past and rely instead on market-like incentives to encourage people indirectly to take publicly desired actions.

The Love Interest

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Publisher :
ISBN 13 : 125010713X
Total Pages : 385 pages
Book Rating : 4.2/5 (51 download)

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Book Synopsis The Love Interest by : Cale Dietrich

Download or read book The Love Interest written by Cale Dietrich and published by . This book was released on 2017-05-16 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a secret organization that cultivates teenage spies, the stakes are high for two agents, Caden and Dylan, whose mission to compete for a girl destined for great power becomes complicated when Caden finds himself falling in love with his competition.

International Convergence of Capital Measurement and Capital Standards

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Publisher : Lulu.com
ISBN 13 : 9291316695
Total Pages : 294 pages
Book Rating : 4.2/5 (913 download)

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Book Synopsis International Convergence of Capital Measurement and Capital Standards by :

Download or read book International Convergence of Capital Measurement and Capital Standards written by and published by Lulu.com. This book was released on 2004 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Interest-Rate Management

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Publisher : Springer Science & Business Media
ISBN 13 : 3662121069
Total Pages : 349 pages
Book Rating : 4.6/5 (621 download)

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Book Synopsis Interest-Rate Management by : Rudi Zagst

Download or read book Interest-Rate Management written by Rudi Zagst and published by Springer Science & Business Media. This book was released on 2013-04-17 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book combines a rigorous overview of the mathematics of financial markets with an insight into the practical application of these models to the risk and portfolio management of interest-rate derivatives. It can also serve as a valuable textbook on financial markets for graduate and PhD students in mathematics. Interesting and comprehensive case studies illustrate the theoretical concepts.

The Science of Interest

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Publisher : Springer
ISBN 13 : 331955509X
Total Pages : 238 pages
Book Rating : 4.3/5 (195 download)

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Book Synopsis The Science of Interest by : Paul A. O'Keefe

Download or read book The Science of Interest written by Paul A. O'Keefe and published by Springer. This book was released on 2017-08-01 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: This exceptional volume analyzes the intricate roles interest plays in cognition, motivation and learning, and daily living, with a special focus on its development and maintenance across life domains. Leading experts discuss a spectrum of interest ranging from curiosity to obsession, and trace its functions in goal-setting, decision-making, self-regulation, and performance. New research refines the current knowledge on student interest in educational settings and the social contexts of interest, with insights into why interest levels change during engagement and in the long run. From these findings, contributors address ways to foster and nurture interest in the therapy room and the classroom, for optimum benefits throughout life. Among the topics covered: · Embedding interest within self-regulation. · Knowledge acquisition at the intersection of situational and individual interest. · The role of interest in motivation and engagement. · The two faces of passion. · Creative geniuses, polymaths, child prodigies, and autistic savants. · The promotion and development of interest. A robust guide to a fascinating area of study, The Science of Interest synthesizes the field’s current knowledge of interest and indicates future directions. Its chapters contribute depth and rigor to this growing area of research, and will enhance the work of researchers in education, psychologists, social scientists, and public policymakers.

In the Interest of Others

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Publisher : Princeton University Press
ISBN 13 : 1400848652
Total Pages : 334 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis In the Interest of Others by : John S. Ahlquist

Download or read book In the Interest of Others written by John S. Ahlquist and published by Princeton University Press. This book was released on 2013-09-08 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: A groundbreaking study of labor unions that advances a new theory of organizational leadership and governance In the Interest of Others develops a new theory of organizational leadership and governance to explain why some organizations expand their scope of action in ways that do not benefit their members directly. John Ahlquist and Margaret Levi document eighty years of such activism by the International Longshore and Warehouse Union in the United States and the Waterside Workers Federation in Australia. They systematically compare the ILWU and WWF to the Teamsters and the International Longshoremen's Association, two American transport industry labor unions that actively discouraged the pursuit of political causes unrelated to their own economic interests. Drawing on a wealth of original data, Ahlquist and Levi show how activist organizations can profoundly transform the views of members about their political efficacy and the collective actions they are willing to contemplate. They find that leaders who ask for support of projects without obvious material benefits must first demonstrate their ability to deliver the goods and services members expect. These leaders must also build governance institutions that coordinate expectations about their objectives and the behavior of members. In the Interest of Others reveals how activist labor unions expand the community of fate and provoke preferences that transcend the private interests of individual members. Ahlquist and Levi then extend this logic to other membership organizations, including religious groups, political parties, and the state itself.

The Zone of Interest

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Publisher : Knopf
ISBN 13 : 0385353502
Total Pages : 312 pages
Book Rating : 4.3/5 (853 download)

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Book Synopsis The Zone of Interest by : Martin Amis

Download or read book The Zone of Interest written by Martin Amis and published by Knopf. This book was released on 2014-09-30 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: NOW A MAJOR MOTION PICTURE • AN NPR BEST BOOK OF THE YEAR • From one the most virtuosic authors in the English language: a powerful novel, written with urgency and moral force, that explores life—and love—among the Nazi bureaucrats of Auschwitz. "A masterpiece.... Profound, powerful and morally urgent.... A benchmark for what serious literature can achieve." —San Francisco Chronicle Martin Amis first tackled the Holocaust in 1991 with his bestselling novel Time's Arrow. He returns again to the Shoah with this astonishing portrayal of life in "the zone of interest," or "kat zet"—the Nazis' euphemism for Auschwitz. The narrative rotates among three main characters: Paul Doll, the crass, drunken camp commandant; Thomsen, nephew of Hitler's private secretary, in love with Doll's wife; and Szmul, one of the Jewish prisoners charged with disposing of the bodies. Through these three narrative threads, Amis summons a searing, profound, darkly funny portrait of the most infamous place in history. An epilogue by the author elucidates Amis's reasons and method for undertaking this extraordinary project.

Special Interest

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Publisher : Brookings Institution Press
ISBN 13 : 0815721307
Total Pages : 529 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Special Interest by : Terry M. Moe

Download or read book Special Interest written by Terry M. Moe and published by Brookings Institution Press. This book was released on 2011-04-01 with total page 529 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why are America's public schools falling so short of the mark in educating the nation's children? Why are they organized in ineffective ways that fly in the face of common sense, to the point that it is virtually impossible to get even the worst teachers out of the classroom? And why, after more than a quarter century of costly education reform, have the schools proven so resistant to change and so difficult to improve? In this path-breaking book, Terry M. Moe demonstrates that the answers to these questions have a great deal to do with teachers unions—which are by far the most powerful forces in American education and use their power to promote their own special interests at the expense of what is best for kids. Despite their importance, the teachers unions have barely been studied. Special Interest fills that gap with an extraordinary analysis that is at once brilliant and kaleidoscopic—shedding new light on their historical rise to power, the organizational foundations of that power, the ways it is exercised in collective bargaining and politics, and its vast consequences for American education. The bottom line is simple but devastating: as long as the teachers unions remain powerful, the nation's schools will never be organized to provide kids with the most effective education possible. Moe sees light at the end of the tunnel, however, due to two major transformations. One is political, the other technological, and the combination is destined to weaken the unions considerably in the coming years—loosening their special-interest grip and opening up a new era in which America's schools can finally be organized in the best interests of children.

Person of Interest

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Publisher : Zondervan
ISBN 13 : 0310111285
Total Pages : 332 pages
Book Rating : 4.3/5 (11 download)

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Book Synopsis Person of Interest by : J. Warner Wallace

Download or read book Person of Interest written by J. Warner Wallace and published by Zondervan. This book was released on 2021-09-21 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: Join a cold-case detective as he uncovers the truth about Jesus using the same approach he employs to solve real murder cases. Detective J. Warner Wallace was skeptical of the Bible's claims about Jesus. But he'd investigated several no-body homicide cases in which there was no crime scene, no physical evidence, and no victim's body. He wondered if the truth about the historical Jesus could be investigated in the same way. In Person of Interest, cold-case detective and bestselling author J. Warner Wallace describes his own personal investigative journey from atheism to Christianity as he carefully sifts through the evidence from history alone, without relying on the New Testament. In this book, you'll: Understand like never before how Jesus—the most significant person in history—changed the world and why he still matters today. Learn how to think like a cold-case detective by using an innovative and unique "fuse and fallout" investigative strategy, which you can also use to examine other claims of history. Explore and learn how to respond to common objections to Christianity. Creative, compelling, and fully illustrated, Person of Interest will strengthen the faith of believers while engaging those who are skeptical and distrusting of the New Testament gospel accounts.

Interest Rate Modelling

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Publisher : John Wiley & Sons
ISBN 13 :
Total Pages : 680 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Interest Rate Modelling by : Jessica James

Download or read book Interest Rate Modelling written by Jessica James and published by John Wiley & Sons. This book was released on 2000-06-08 with total page 680 pages. Available in PDF, EPUB and Kindle. Book excerpt: Back Cover ( this section should include endorsements also) As interest rate markets continue to innovate and expand it is becoming increasingly important to remain up-to-date with the latest practical and theoretical developments. This book covers the latest developments in full, with descriptions and implementation techniques for all the major classes of interest rate models - both those actively used in practice as well as theoretical models still 'waiting in the wings'. Interest rate models, implementation methods and estimation issues are discussed at length by the authors as are important new developments such as kernel estimation techniques, economic based models, implied pricing methods and models on manifolds. Providing balanced coverage of both the practical use of models and the theory that underlies them, Interest Rate Modelling adopts an implementation orientation throughout making it an ideal resource for both practitioners and researchers. Back Flap Jessica James Jessica James is Head of Research for Bank One's Strategic Risk Management group, based in the UK. Jessica started life as a physicist at Manchester University and completed her D Phil in Theoretical Atomic and Nuclear Physics at Christ Church, Oxford, under Professor Sandars. After a year as a college lecturer at Trinity, Oxford, she began work at the First National Bank of Chicago, now Bank One, where she still works. She is well known as a speaker on the conference circuit, lecturing on a variety of topics such as VaR, capital allocation, credit derivatives and interest rate modelling, and has published articles on various aspects of financial modelling. Nick Webber Nick Webber is a lecturer in Finance at Warwick Business School. Prior to his academic career, Nick had extensive experience in the industrial and commercial world in operational research and computing. After obtaining a PhD in Theoretical Physics from Imperial College he began research into financial options. His main area of research centres on interest rate modelling and computational finance. He has taught practitioner and academic courses for many years, chiefly on options and interest rates. Front Flap Interest Rate Modelling provides a comprehensive resource on all the main aspects of valuing and hedging interest rate products. A series of introductory chapters reviews the theoretical background, pointing out the problems in using naïve valuation and implementation techniques. There follows a full analysis of interest rate models including major categories, such as Affine, HJM and Market models, and in addition, lesser well known types that include Consol, Random field and Jump-augmented Models. Implementation methods are discussed in depth including the latest developments in the use of finite difference, Lattice and Monte Carlo methods and their particular application to the valuation of interest rate derivatives. Containing previously unpublished material, Interest Rate Modelling is a key reference work both for practitioners developing and implementing models for real and for academics teaching and researching in the field.