Similar Search Results

News shocks and asset price volatility in general equilibrium

Matsumoto, Akito; Cova, Pietro; Pisani, Massimiliano; … - In: Journal of Economic Dynamics and Control 35 (2011) 12, pp. 2132-2149

We study equity price volatility in general equilibrium with news shocks about future productivity and monetary policy. As West (1988) shows, in a partial equilibrium present discounted value model, news about the future cash flow reduces asset price volatility. We show that introducing news...

Persistent link: https://www.econbiz.de/10010574005

Drift control of international reserves

Bar-Ilan, Avner; Marion, Nancy P.; Perry, David - In: Journal of Economic Dynamics and Control 31 (2007) 9, pp. 3110-3137

Persistent link: https://www.econbiz.de/10005205213

Multi-country tests for price level bubbles

Flood, Robert P.; Garber, Peter M.; Scott, Louis O. - In: Journal of Economic Dynamics and Control 8 (1984) 3, pp. 329-340

Persistent link: https://www.econbiz.de/10005229583

On the equivalence of solutions in rational expectations models

Burmeister, Edwin; Flood, Robert P.; Garber, Peter M. - In: Journal of Economic Dynamics and Control 5 (1983) 1, pp. 311-321

Persistent link: https://www.econbiz.de/10005205414