This course, offered by the MIT Center for Real Estate, focuses on developing an understanding of the macroeconomic factors that shape and influence markets for real property. We will develop the theory of land markets and locational choice. The material covered includes studies of changing...

Affine term structure models (ATSMs) are known to have a trade-off in predicting future Treasury yields and fitting the time-varying volatility of interest rates. First, I empirically study the role of macroeconomic variables in simultaneously achieving these two goals under affine models. To...

By replacing the unknown random factors of factor analysis with observed macroeconomic variables, the arbitrage pricing theory (APT) is recast as a multivariate nonlinear regression model with across-equation restrictions. An explicit theoretical justification for the inclusion of an arbitrary,...

Kredito rizikos nuostoliai ypatingai pastebimi ekonomikos nuosmukio periodu. Todėl mokslinėje literatūroje vis dar ieškant atsakymo į klausimą, kaip makroekonominė aplinka įtakoja kredito riziką, šio darbo tikslas yra įvertinti Lietuvos bankų sistemos kredito rizikos priklausomybę...

Vienas iš populiariausių metodų pasaulyje ir Lietuvoje padedantis nustatyti įmonių finansinius sunkumus bei bankroto riziką yra E. Altmano modelis, kuris remiasi įmonių finansiniais rodikliais. Kita vertus, yra žinoma, kad įmonių, susiduriančių su finansiniais sunkumais, skaičių...

Recent nancial crises have highlighted the sensitivity and vulnerability of nancial marketsto ination, which reduces the value of money and a ects the net returns of nancial instruments.In response to this, investors who are concerned with maintaining their investment'spurchasing power rather...

This study uses a large increase in US Federal crop insurance subsidies as a natural experiment to identify the importance of risk for farm operator labour supply. Subsidy increases induced greater crop insurance coverage, which in turn reduced farmers' financial risks. Crop insurance...

The purpose of this chapter is to examine the relative risk of exposure of different human populations to food-borne aflatoxins; the types of health impact that may be incurred by dietary exposure to aflatoxins; and possible strategies likely to mitigate risks to human health. Risk of exposure...

Despite on-going improvements in traffic law enforcement practices and technology, unlicensed driving remains a serious road safety problem in Australia. Among a range of concerns, there is growing evidence linking unlicensed driving with a cluster of other high-risk factors, including drink...

Proportional hazards analyses assume that the magnitude of mortality risk for a predictor variable remains proportional over time. In a time-dependent model, the explanatory variable violates this assumption, and repeat observations are required to accommodate the change in risk that occurs over...