What are the real, macroeconomic risks that drive asset prices? This question is centrally important to macroeconomics. Where better to learn about the risks of recessions and depressions than by understanding the prices of assets such as stocks that carry macroeconomic risks? The question is also at the core of finance. For example, finance has long wondered if asset prices are "rational" or not. The only meaning of that term is whether asset prices are.
Financial Markets and the Real Economy (Foundations and Trends(r) in Finance) free ebook pdf epub
John H. Cochrane Financial Markets and the Real Economy (Foundations and Trends(r) in Finance) free
Financial Markets and the Real Economy (Foundations and Trends(r) in Finance) read online free book
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