Keywords
Related Publications
An Intertemporal General Equilibrium Model of Asset Prices
This paper develops a continuous time general equilibrium model of a simple but complete economy and uses it to examine the behavior of asset prices. In this model, asset prices...
The Anatomy of Market Failure
Introduction, 351. — I. The conditions of market efficiency, 353. — II. Neoclassical external economies: a digression, 356. — III. Statical externalities: an ordering, 363. — IV...
Finance and Growth: Schumpeter Might Be Right
Finance matters. The level of a country's financial development helps predict its rate of economic growth for the following 10 to 30 years. The data are consistent with...
Why Does Stock Market Volatility Change Over Time?
ABSTRACT This paper analyzes the relation of stock volatility with real and nominal macroeconomic volatility, economic activity, financial leverage, and stock trading activity u...
Publication Info
- Year
- 1973
- Type
- article
- Volume
- 1973
- Issue
- 2
- Pages
- 429-429
- Citations
- 527
- Access
- Closed
External Links
Social Impact
Social media, news, blog, policy document mentions
Citation Metrics
Cite This
Identifiers
- DOI
- 10.2307/2534097