John H. Cochrane
University of Chicago
The central modern: price is generated by expected discounted payoffs
The expected excess return or “risk premium”
(not finished)
Saturday, 6 August 2016
Notes on "Financial Markets and the Real Economy" (by John H. Cochrane)
Financial Markets and the Real
Economy
John H. Cochrane
University of Chicago
The central modern: price is generated by expected discounted payoffs
The expected excess return or “risk premium”is higher for assets that have a large
negative covariance with the discount factor.
(not finished)
John H. Cochrane
University of Chicago
The central modern: price is generated by expected discounted payoffs
The expected excess return or “risk premium”
(not finished)
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