Asset Pricing for Dynamic Economies
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Asset Pricing for Dynamic Economies by Sumru Altug
Book DescriptionThis 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 business cycle analysis and the business cycle implications of monetary and international models * Covers latest research on asset pricing in overlapping generations models and on models with borrowing constraints and transaction costs * Includes end-of-chapter exercises allowing readers to monitor their understanding of each topic Online resources are available at www.cambridge.org/altug_labadie
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Book DetailsISBN: 9780521875851
(247mm x 174mm x 33mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 11-Sep-2008
Country of Publication: United Kingdom
Books By Author Sumru Altug
Asset Pricing for Dynamic Economies, Paperback (September 2008)
An introduction to general equilibrium modeling in macroeconomics and finance with an emphasis on asset pricing phenomena.
Dynamic Macroeconomic Analysis, Paperback (November 2003)» View all books by Sumru Altug
A survey of key issues relevant for the analysis of modern dynamic economies.
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Author Biography - Sumru Altug
Sumru Altug is Professor of Economics at Koc 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.
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