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Financial Markets And the Real Economy (The International Library of Critical Writings in Financial Economics)

Financial Markets And the Real Economy (The International Library of Critical Writings in Financial Economics)

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Описание
This insightful collection examines the intersection between macroeconomics and finance. The key challenge in this area is to find the right measure of `bad times' (the marginal value of wealth) to explain some assets' high average returns or low prices as compensation for those assets' tendency to pay off poorly in bad times.