2010, ISBN: 9783639279740

Building on Keynes´ General Theory, this thesis holds that economic instability is due to a latent inverse relationship between expectations and risk assessment. It is assumed that stock … Mehr…

Building on Keynes´ General Theory, this thesis holds that economic instability is due to a latent inverse relationship between expectations and risk assessment. It is assumed that stock markets have a significant influence on this relationship, thus affecting supply and demand in general. Demand for money as a store of wealth along with credit supply and demand are particularly important variables in the economic instability process. Moreover, the existence of such a mechanism implies co-trending (i.e. equilibrium) relationships between several macroeconomic variables. Some essential relationships have been tested empirically in various model specifications on Norwegian and US data. The cointegration models indicate bidirectional negative causation between stock prices and unemployment, and positive bidirectional causation between stock prices and consumption. It has also been shown that stock prices affect aggregate credit growth positively. Finally, money neutrality, a central tenet of contemporary orthodox economic theory, is rejected. An explorative investigation into the nature of the interaction between psychological, financial and real factors Buch (fremdspr.) Taschenbuch 01.09.2010 Bücher>Fremdsprachige Bücher>Englische Bücher, VDM, .201<

2010, ISBN: 9783639279740

[ED: Softcover], [PU: VDM Verlag Dr. Müller], Building on Keynes' General Theory, this thesis holds that economic instability is due to a latent inverse relationship between expectations … Mehr…

[ED: Softcover], [PU: VDM Verlag Dr. Müller], Building on Keynes' General Theory, this thesis holds that economic instability is due to a latent inverse relationship between expectations and risk assessment. It is assumed that stock markets have a significant influence on this relationship, thus affecting supply and demand in general. Demand for money as a store of wealth along with credit supply and demand are particularly important variables in the economic instability process. Moreover, the existence of such a mechanism implies co-trending (i.e. equilibrium) relationships between several macroeconomic variables. Some essential relationships have been tested empirically in various model specifications on Norwegian and US data. The cointegration models indicate bidirectional negative causation between stock prices and unemployment, and positive bidirectional causation between stock prices and consumption. It has also been shown that stock prices affect aggregate credit growth positively. Finally, money neutrality, a central tenet of contemporary orthodox economic theory, is rejected. 2010. 152 S. Versandfertig in 6-10 Tagen, DE, [SC: 0.00], Neuware, gewerbliches Angebot, Offene Rechnung (Vorkasse vorbehalten)<

ISBN: 9783639279740

Building on Keynes' General Theory, this thesis holds that economic instability is due to a latent inverse relationship between expectations and risk assessment. It is assumed that stock … Mehr…

Building on Keynes' General Theory, this thesis holds that economic instability is due to a latent inverse relationship between expectations and risk assessment. It is assumed that stock markets have a significant influence on this relationship, thus affecting supply and demand in general. Demand for money as a store of wealth along with credit supply and demand are particularly important variables in the economic instability process. Moreover, the existence of such a mechanism implies co-trending (i.e. equilibrium) relationships between several macroeconomic variables. Some essential relationships have been tested empirically in various model specifications on Norwegian and US data. The cointegration models indicate bidirectional negative causation between stock prices and unemployment, and positive bidirectional causation between stock prices and consumption. It has also been shown that stock prices affect aggregate credit growth positively. Finally, money neutrality, a central tenet of contemporary orthodox economic theory, is rejected. Bücher / Sozialwissenschaften, Recht & Wirtschaft / Wirtschaft, [PU: VDM Verlag Dr. Müller, Saarbrücken]<

2010, ISBN: 9783639279740

Erscheinungsdatum: 09/2010, Medium: Taschenbuch, Einband: Kartoniert / Broschiert, Titel: Determinants of a shifting effective demand equilibrium, Titelzusatz: An explorative investigatio… Mehr…

Erscheinungsdatum: 09/2010, Medium: Taschenbuch, Einband: Kartoniert / Broschiert, Titel: Determinants of a shifting effective demand equilibrium, Titelzusatz: An explorative investigation into the nature of the interaction between psychological, financial and real factors, Autor: Lauvsnes, Svein Oskar, Verlag: VDM Verlag, Sprache: Englisch, Rubrik: Wirtschaft // Sonstiges, Seiten: 152, Informationen: Paperback, Gewicht: 226 gr, Verkäufer: averdo Belletristik, [PU: VDM Verlag Dr. Müller, Saarbrücken]<

ISBN: 9783639279740

Determinants of a shifting effective demand equilibrium ab 58.99 € als Taschenbuch: An explorative investigation into the nature of the interaction between psychological financial and rea… Mehr…

Determinants of a shifting effective demand equilibrium ab 58.99 € als Taschenbuch: An explorative investigation into the nature of the interaction between psychological financial and real factors. Aus dem Bereich: Bücher, Wissenschaft, Wirtschaftswissenschaft, Medien > Bücher nein Buch (kartoniert) Hardcover;Sozialwissenschaften, Recht, Wirtschaft;Wirtschaft, VDM Verlag Dr. Müller<