Описание: Does the stock market overreact? Recent capital market turbulences have cast doubt whether the behaviour of stock markets is in line with rational investor behaviour. To which extent stock returns are predictable is the question at the heart of the controversy between the paradigms of rational asset pricing and behavioural finance. This new and revised edition discusses the empirical evidence from both perspectives. Theory and empirical analysis are blended with feedback from security analysts to offer a road towards a deeper understanding of the underlying forces to drive performance in the stock market.In his book "Irrational Exuberance" Robert Shiller offered an analysis of the US stock market in 2000. The focus of his book was the level of the stock market, which he thought to be overvalued at the time. This monograph offers a complementary analysis of the cross section of stock returns.
Автор: Shiller, Robert J. Название: Irrational exuberance ISBN: 0691123357 ISBN-13(EAN): 9780691123356 Издательство: Wiley Рейтинг: Цена: 4586.00 р. Наличие на складе: Поставка под заказ.
Описание: Deals with market volatility. This book covers the markets that have become volatile and includes a chapter on domestic and international housing prices in historical perspective. It amasses evidence to support an argument that the housing market boom bears many similarities to the stock market bubble of the late 1990s.
Автор: Shiller Robert J. Название: Irrational Exuberance: Revised and Expanded Third Edition ISBN: 0691173125 ISBN-13(EAN): 9780691173122 Издательство: Wiley Рейтинг: Цена: 2850.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание:
In this revised, updated, and expanded edition of his "New York Times" bestseller, Nobel Prize winning economist Robert Shiller, who warned of both the tech and housing bubbles, now cautions that signs of irrational exuberance among investors have only increased since the 2008 9 financial crisis. With high stock and bond prices in the United States, and rising housing prices in many countries, the post-subprime boom may well turn out to be another illustration of Shiller s influential argument that psychologically driven volatility is an inherent characteristic of all asset markets. In other words, "Irrational Exuberance" is as relevant as ever.
But" Irrational Exuberance" is about something far more important than the current situation in any given market because the book explains the forces that move all markets up and down. It shows how investor euphoria can drive asset prices up to dizzying and unsustainable heights, and how, at other times, investor discouragement can push prices down to very low levels.
Previous editions covered the stock and housing markets and famously predicted their crashes. This new edition expands its coverage to include the bond market, so that the book now addresses all of the major investment markets. This edition also includes updated data throughout, as well as Shiller s 2013 Nobel Prize lecture, which puts the book in broader context.
In addition to diagnosing the causes of asset bubbles, "Irrational Exuberance" recommends urgent policy changes to lessen their likelihood and severity and suggests ways that individuals can decrease their risk before the next bubble bursts. No one whose future depends on a retirement account, a house, or other investments can afford not to read it.
For more information, including new developments and regular data updates, please go to www.irrationalexuberance.com"
Автор: Daniel Aronoff Название: The Financial Crisis Reconsidered ISBN: 134957547X ISBN-13(EAN): 9781349575473 Издательство: Springer Рейтинг: Цена: 14673.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: In The Financial Crisis Reconsidered, Aronoff challenges the conventional view that reckless credit produced the US housing boom and the financial crisis, explaining how the large current account deficit, and its mercantilist origin, was a more fundamental cause.
Автор: Aronoff, Daniel Название: Financial crisis reconsidered ISBN: 1137553685 ISBN-13(EAN): 9781137553683 Издательство: Springer Рейтинг: Цена: 14673.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Aronoff challenges the conventional view that reckless credit produced the US housing boom and the financial crisis, explaining how the large current account deficit, and its mercantilist origin, was a more fundamental cause.
Автор: Shiller Robert J. Название: Irrational Exuberance ISBN: 0691166269 ISBN-13(EAN): 9780691166261 Издательство: Wiley Рейтинг: Цена: 3635.00 р. Наличие на складе: Поставка под заказ.
Описание:
In this revised, updated, and expanded edition of his "New York Times" bestseller, Nobel Prize winning economist Robert Shiller, who warned of both the tech and housing bubbles, now cautions that signs of irrational exuberance among investors have only increased since the 2008 9 financial crisis. With high stock and bond prices in the United States, and rising housing prices in many countries, the post-subprime boom may well turn out to be another illustration of Shiller s influential argument that psychologically driven volatility is an inherent characteristic of all asset markets. In other words, "Irrational Exuberance" is as relevant as ever.
But" Irrational Exuberance" is about something far more important than the current situation in any given market because the book explains the forces that move all markets up and down. It shows how investor euphoria can drive asset prices up to dizzying and unsustainable heights, and how, at other times, investor discouragement can push prices down to very low levels.
Previous editions covered the stock and housing markets and famously predicted their crashes. This new edition expands its coverage to include the bond market, so that the book now addresses all of the major investment markets. This edition also includes updated data throughout, as well as Shiller s 2013 Nobel Prize lecture, which puts the book in broader context.
In addition to diagnosing the causes of asset bubbles, "Irrational Exuberance" recommends urgent policy changes to lessen their likelihood and severity and suggests ways that individuals can decrease their risk before the next bubble bursts. No one whose future depends on a retirement account, a house, or other investments can afford not to read it.
For more information, including new developments and regular data updates, please go to www.irrationalexuberance.com"
Автор: Birnbaum Название: Basic Income Reconsidered ISBN: 0230114067 ISBN-13(EAN): 9780230114067 Издательство: Springer Рейтинг: Цена: 16769.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Basic income is one the most innovative, powerful and controversial proposals for addressing poverty and growing inequalities. This book examines the arguments for and against basic income from the point of view of economic and social justice.
This book reconsiders Keynes's The General Theory of Employment, Interest and Money and establishes a new interpretation. In contrast to the existing models, this book finds that the stickiness in the nominal wage is not crucial for his theory. Moreover, the author has also succeeds in capturing the concept of liquidity in a rigorous mathematical model. In conjunction with the development of the concept of liquidity, the separation of the decision between savings and capital investment, which plays a key role in the principle of effective demand and denies Say's law, is exactly and originally formulated.
The theory thus developed is applicable to elucidating some serious political economic causes that entrap the long-stagnated Japanese economy. For example, an analytical explanation is provided about why disinflation/deflation incessantly progresses despite the exorbitant expansionary monetary policy (ijigen kin-yuu seisaku) by the Bank of Japan. This phenomenon is an unsolvable question from the quantity-theoretic approaches (e.g., monetarism and new Keynesianism) which, although they differ in assumptions concerning the length of adjustment periods, commonly assume that the price level sooner or later rises in proportion to the quantity of money.
Owing much to Keynes, the author's approach considers that the price level is mainly governed by its marginal prime cost which is equal to the nominal wage as a first approximation. As such, the drastically sagging wages during the past 10 years provoke serious disinflation/deflation. It should be noted that this discussion never depends on the quantity of money.
Автор: Mourdoukoutas Название: Intelligent Investing in Irrational Markets ISBN: 1137350628 ISBN-13(EAN): 9781137350626 Издательство: Springer Рейтинг: Цена: 5589.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: As a game of economics, investing involves the basic principles of economics that help investors identify financial goals and constraints, and come up with the right asset and portfolio allocation. Mourdoukoutas outlines the rules for investing in irrational markets successfully.
Автор: M. Itoh Название: The Japanese Economy Reconsidered ISBN: 1349398233 ISBN-13(EAN): 9781349398232 Издательство: Springer Рейтинг: Цена: 11179.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: The Japanese economy has shown paradoxical changes. At the zenith of the Japanese model of company system, a huge bubble swelled, so as to prepare a prolonged depression throughout the 1990s. Neoliberalism with spiral reversal of capitalist development toward more competitive markets rather promoted difficulties among people.
Автор: Guo Ying Luo Название: Evolutionary Foundations of Equilibria in Irrational Markets ISBN: 148998593X ISBN-13(EAN): 9781489985934 Издательство: Springer Рейтинг: Цена: 20263.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: The economic concept of equilibrium infers rational participants, yet what happens when analysts and traders behave unpredictably? Darwin takes over. This book shows how traditional economic equilibria can exist despite natural selection in irrational markets.
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