Financial Markets and the Real Economy (Foundations and Trends (R) in Finance): 1 (Foundations and Trends® in Finance)

by JohnH.Cochrane (Author)

• New

  Paperback
  2005

  $45.38

  Reviews the academic literature on the macroeconomics of finance. This book starts by collecting the important facts such as the equity premium, size and value effects, and the predictability of returns. It then reviews the equity premium puzzle, which is the most basic challenge to the connection between asset prices and macroeconomics.