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Investors Portfolio Behavior Under Alternative Models Of Long Term Interest Rate Expectations
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Book Synopsis Investors' Portfolio Behavior Under Alternative Models of Long-term Interest Rate Expectations by : Benjamin M. Friedman
Download or read book Investors' Portfolio Behavior Under Alternative Models of Long-term Interest Rate Expectations written by Benjamin M. Friedman and published by . This book was released on 1979 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops behavioral relationships explaining investors' demands for long-term bonds, using three alternative hypotheses about investors' expectations of future bond prices (yields). The results, based on U.S. 'data for six major categories of bond market investors, consistently support an autoregressive expectations model. The results also have implications for further aspects of investors' portfolio behavior, including expectations formation, response to inflation, and speed of adjustment
Book Synopsis Investor's Portfolio Behavior Under Alternative Models of Long-term Interest Rate Expectations by : Benjamin M. Friedman
Download or read book Investor's Portfolio Behavior Under Alternative Models of Long-term Interest Rate Expectations written by Benjamin M. Friedman and published by . This book was released on 1977 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Flow-of-Funds Analysis by : John C. Dawson
Download or read book Flow-of-Funds Analysis written by John C. Dawson and published by M.E. Sharpe. This book was released on 1996-06-27 with total page 778 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a collection of articles on the flow of funds that attempts to serve as a reference guide to economists in academia, business, finance and government. Flow of funds analysis is widely used in analysis of financial institutions and markets. In fact, they were largely constructed by the Federal Reserve and other central banks and were the foundations for defining and measuring the various concepts of the monetary aggragates used as key targets by central banks in carrying out monetary policy. The book brings together the scattered articles on the subject and should be useful as a research guide and teaching source.
Book Synopsis Routledge Library Editions: Econometrics by : Various
Download or read book Routledge Library Editions: Econometrics written by Various and published by Routledge. This book was released on 2019-01-15 with total page 5228 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reissuing works originally published between 1929 and 1991, this collection of 17 volumes presents a variety of considerations on Econometrics, from introductions to specific research works on particular industries. With some volumes on models for macroeconomics and international economies, this is a widely interesting set of economic texts. Input/Output methods and databases are looked at in some volumes while others look at Bayesian techniques, linear and non-linear models. This set will be of use to those in industry and business studies, geography and sociology as well as politics and economics.
Book Synopsis A Structural Model of the U.S. Government Securities Market by : V. Vance Roley
Download or read book A Structural Model of the U.S. Government Securities Market written by V. Vance Roley and published by Routledge. This book was released on 2018-03-05 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1979. This study focuses primarily on the development of a structural model for the U. S. Government securities market, ie. the specification and estimation of the demands for disaggregated maturity classes of U.S. Government securities by the individual investor groups participating in the market. A particularly important issue addressed involves the extent of the substitution relationship among different maturity classes of U.S. Government securities.
Book Synopsis Exchange Rate Determination and Optimal Economic Policy Under Various Exchange Rate Regimes by : Eelke de Jong
Download or read book Exchange Rate Determination and Optimal Economic Policy Under Various Exchange Rate Regimes written by Eelke de Jong and published by Springer. This book was released on 2013-12-19 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: 1.1 Some characteristics of the floating exchange rate system The flexible exchange rate system has functioned far less satisfactorily than many anticipated in 1973, when the major industrialized countries decided to let their currencies float. The dominant currencies' exchange rates have fluctuated more 1 than expected. These fluctuations concern both short-term movement- intraday fluctuations and movements during a week or a month - and long term changes that last for more than a year. Daily percentage changes of one percent are not unusual for the recent float (see MacDonald, 1988, p.8). However, the release of new information can give rise to much larger changes. For example in August 1987 "the dollar moved down 6 percent in two days based on the July trade figures" (Glynn, 1988, p. 36). For the period 1973-1985 MacDonald (1988, p.10) presents minimum and maximum monthly percentage exchange rate changes. These figures clearly illustrate the magnitude of the volatility and also show that the volatility has not diminished as the experience 2 with floating has increased. In addition to this volatility, exchange rates are also characterized by misalignment: "persistent departure of the exchange rate from its long-run equilibrium" (Williamson, 1983, p.l3). Although the measure of misalignment depends upon the exact definition of the exchange rate's long-run equilibrium, there is a widespread feeling that during the greater part of the 1970s the dollar was undervalued, whereas it was overvalued during the first half of the 1980s.
Book Synopsis The Endowment Model of Investing by : Martin L. Leibowitz
Download or read book The Endowment Model of Investing written by Martin L. Leibowitz and published by John Wiley & Sons. This book was released on 2010-03-02 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: A cutting-edge look at the endowment model of investing Many larger endowments and foundations have adopted a broadly diversified asset allocation strategy with only a small amount of traditional U.S. equities and bonds. This technique, known as the "endowment model of investing," has demonstrated consistent long-term performance and attracted the attention of numerous institutional and individual investors. With The Endowment Model of Investing Leibowitz, Bova, and Hammond take a closer look at the endowment model with customary research sophistication and attention to detail. Throughout the book, they examine how the model provides truly outstanding real returns, while keeping a close eye on the risks associated with this method of investing. Along the way, the authors offer practical advice on incorporating the endowment model into your own investment endeavors and reveal what it takes to make this method work in the real world. Details the growing debate about the endowment model of investing and discusses how to use it successfully Written by an authority on endowment investing and non-traditional asset allocation strategies Offers expert insights on understanding risk and return in non traditional asset allocation If you want to gain a better grasp of one of the most successful forms of investing, then The Endowment Model of Investing is a book you need to read.
Book Synopsis The 1978 Midyear Review of the Economy by : United States. Congress. Joint Economic Committee
Download or read book The 1978 Midyear Review of the Economy written by United States. Congress. Joint Economic Committee and published by . This book was released on 1978 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Portfolio Theory and the Demand for Money by : Neil Thompson
Download or read book Portfolio Theory and the Demand for Money written by Neil Thompson and published by Springer. This book was released on 2016-07-27 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book is an in-depth review of the theory and empirics of the demand for money and other financial assets. The different theoretical approaches to the portfolio choice problem are described, together with an up-to-date survey of the results obtained from empirical studies of asset choice behaviour. Both single-equation studies and the more complete multi-asset portfolio models, are analysed.
Author :United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight Publisher : ISBN 13 : Total Pages :976 pages Book Rating :4.:/5 (327 download)
Book Synopsis A Review of Selected Tax Expenditures, Investment Tax Credit by : United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight
Download or read book A Review of Selected Tax Expenditures, Investment Tax Credit written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight and published by . This book was released on 1979 with total page 976 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Economic Consequences of Government Deficits by : L.H. Meyer
Download or read book The Economic Consequences of Government Deficits written by L.H. Meyer and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: On October 29 and 30, 1982, the Center for the Study of American Business and the Institute for Banking and Financial Markets at Washington "The Economic Consequences of University cosponsored a conference on Government Deficits. " This was the sixth annual Economic Policy Con ference sponsored by the Center, and the first it has cosponsored with the Institute. This book contains the papers and comments delivered at that conference. Recent and prospective large federal deficits have prompted a thorough reconsideration of the political sources and economic consequences of government deficits. The papers in Part I focus on the implications of deficits for monetary growth and inflation, and the papers in Part II consider the effect of deficits on interest rates and capital formation. The papers in Part III deal with the political sources and remedies for the explosive growth in government spending and increased reliance on deficits. The papers in Part I by Alan S. Blinder, Professor of Economics at Princeton University, and Preston J. Miller, Assistant Vice President and Research Advisor at the Federal Reserve Bank of Minneapolis, discuss the relation between monetary growth and deficits and present evidence on the of deficits on inflation and output. A deficit is said to be monetized effects vii viii THE ECONOMIC CONSEQUENCES OF GOVERNMENT DEFICITS when the Federal Reserve purchases bonds to aid the Treasury in financing the deficit.
Book Synopsis Money, Wealth and Expenditure by : Dorian Owen
Download or read book Money, Wealth and Expenditure written by Dorian Owen and published by CUP Archive. This book was released on 1986-07-31 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book develops and applies a modelling framework that enables consumers' expenditure and portfolio behaviour to be analysed in an integrated manner. It extends and applies the Yale approach to financial model building associated with James Tobin. The basis of this approach is surveyed with particular emphasis on the empirical implementation of portfolio models in the UK, US and other countries, appropriate econometric estimation techniques and comparisons with other monetary modelling strategies. Empirical application of the model is particularly addressed to testing whether the composition of wealth holdings is important for expenditure and asset demands, whether concentration on 'money' at the expense of other assets and liabilities is acceptable, and whether the interrelationships stressed by Tobin's general equilibrium approach are statistically important. The results have important implications for the recent literature on wealth effects on consumption and the overemphasis on 'money' at the expense of other financial assets and liabilities.
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:
Book Synopsis Modern Portfolio Theory and Investment Analysis by : Edwin J. Elton
Download or read book Modern Portfolio Theory and Investment Analysis written by Edwin J. Elton and published by John Wiley & Sons. This book was released on 2014-01-21 with total page 754 pages. Available in PDF, EPUB and Kindle. Book excerpt: Modern Portfolio Theory and Investment Analysis, 9th Editionexamines the characteristics and analysis of individual securities, as well as the theory and practice of optimally combining securities into portfolios. It stresses the economic intuition behind the subject matter while presenting advanced concepts of investment analysis and portfolio management. The authors present material that captures the state of modern portfolio analysis, general equilibrium theory, and investment analysis in an accessible and intuitive manner.
Book Synopsis Riding the Yield Curve: Risk Taking Behavior in a Low Interest Rate Environment by : Mr.Ralph Chami
Download or read book Riding the Yield Curve: Risk Taking Behavior in a Low Interest Rate Environment written by Mr.Ralph Chami and published by International Monetary Fund. This book was released on 2020-03-13 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investors seek to hedge against interest rate risk by taking long or short positions on bonds of different maturities. We study changes in risk taking behavior in a low interest rate environment by estimating a market stochastic discount factor that is non-linear and therefore consistent with the empirical properties of cashflow valuations identified in the literature. We provide evidence that non-linearities arise from hedging strategies of investors exposed to interest rate risk. Capital losses are amplified when interest rates increase and risk averse investors have taken positions on instruments with longer maturity, expecting instead interest rates to revert back to their historical average.
Book Synopsis The ... Midyear Review of the Economy by : United States. Congress. Joint Economic Committee
Download or read book The ... Midyear Review of the Economy written by United States. Congress. Joint Economic Committee and published by . This book was released on 1978 with total page 784 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Hearings, Reports and Prints of the Joint Economic Committee by : United States. Congress. Joint Economic Committee
Download or read book Hearings, Reports and Prints of the Joint Economic Committee written by United States. Congress. Joint Economic Committee and published by . This book was released on 1978 with total page 1514 pages. Available in PDF, EPUB and Kindle. Book excerpt:
