Rational Exuberance
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Toward Rational Exuberance
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Author : B. Mark Smith
language : en
Publisher: Farrar, Straus and Giroux
Release Date : 2002-05-30
Toward Rational Exuberance written by B. Mark Smith and has been published by Farrar, Straus and Giroux this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-05-30 with Business & Economics categories.
The True History, and Dangerous Myths, of the Modern Stock Market. The stock market is big news now, influencing every aspect of the modern economy. Accepted wisdom has it that the market will provide retirement security for anyone willing to diligently save and invest. Yet many people can remember a time when the stock market was little more than a primitive insiders' game, viewed by most Americans with skepticism and suspicion. In Toward Rational Exuberance, B. Mark Smith, a professional stock trader with two decades of practical experience, tells the fascinating story of how this stunning transformation occurred. Smith traces the evolution of popular theories of stock market behavior, showing how they have become widely accepted over time. He also clarifies some of these theories -- such as the notion that the market is often susceptible to speculative "bubbles" that will inevitably burst -- and explains how they are based on faulty interpretations of market history. The central thesis of Toward Rational Exuberance is that the modern stock market is the product of a dynamic evolutionary process; it cannot be predicted by extrapolating arbitrary historical standards into the future. It is only by understanding the way the modern market has been created that today's investor can begin to understand the market itself.
Rational Exuberance
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Author :
language : en
Publisher:
Release Date : 2007
Rational Exuberance written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Economic development categories.
Rational Exuberance
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Author : Michael Mandel
language : en
Publisher: HarperPB
Release Date : 1975-01-01
Rational Exuberance written by Michael Mandel and has been published by HarperPB this book supported file pdf, txt, epub, kindle and other format this book has been release on 1975-01-01 with Business & Economics categories.
Michael J. Mandel, chief economist of BusinessWeek, is the country's most passionate partisan for exuberant economic growth. In the mid-1990s, he was one of the first journalists to use the term New Economy to describe the fast-growing but volatile U.S. economy, supercharged by technology and finance. Mandel's understanding of the true underpinnings of the 1990s economy led to his prescient warning that the Internet bubble was about to burst, which he predicted in his book The Coming Internet Depression, Now Mandel is issuing another warning. Without exuberant, technology-driven growth, the U.S. economy will lack the firepower to solve its social problems. Without breakthrough innovations like the internal combustion engine or the Internet, the U.S. economy simply can't create enough jobs or wealth to provide for its citizenry.Yet exuberant growth is stigmatized as immoral by some and bad public policy by others. And economists, surprisingly enough, are the biggest enemies of innovative, transformative growth. Mandel, a Ph.D. in economics himself, believes his colleagues in the dismal profession are a big part of the problem. Focusing on what he labels the single biggest failure in modern economics, Mandel blames New York Times columnist Paul Krugman, Nobel laureate Milton Friedman, and Greg Mankiw, President Bush's head of the Council of Economic Advisers, for misleading generations of students and slanting public policy against scientific innovation.Lively, opinionated, and controversial, Mandel's thinking will serve as a rallying cry for the creation of a new political coalition dedicated to economic growth. He calls on Silicon Valley to take their case toWashington, and to shift the debate from arguing about trade and budget deficits to solutions, such as more support for research, start-ups, and workforce training. Mandel is sure to kick-start that debate
Rational Exuberance For Renewable Energy
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Author : Srinivasan Sunderasan
language : en
Publisher: Springer Science & Business Media
Release Date : 2011-02-02
Rational Exuberance For Renewable Energy written by Srinivasan Sunderasan and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-02-02 with Technology & Engineering categories.
Rational Exuberance for Renewable Energy is a beyond-the-hype account of the underlying issues that encourage or plague widespread dissemination of renewable energy (RE) technologies. Renewable energy operates in the real world, and it cannot be assumed that the conventional theories and incentive structures of economics and business do not apply. The author argues that grants and subsidies could be provided to support research, development and technology improvement efforts, but should not be employed as an instrument of state policy to intervene in specific markets. It is important to recognize that although investors often demonstrate an appetite for market risk, they find technology risks and policy uncertainty much less appealing. Rational Exuberance for Renewable Energy blends classical economic theory with the everyday realities of the RE industry to identify incentive structures contributing to the success – or otherwise – of project implementation involving renewable sources and appropriate technologies. The book is a compilation of articles that analyze individual RE technologies, and offer multiple perspectives of the RE industry and markets. Rational Exuberance for Renewable Energy is intended for policy makers, advanced students of energy economics and sustainable development, and for potential mainstream investors.
Realizing Rational Exuberance
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Author :
language : en
Publisher:
Release Date : 2011
Realizing Rational Exuberance written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
Rational Exuberance
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Author : Meredith E. Bagby
language : en
Publisher: Dutton Books
Release Date : 1998
Rational Exuberance written by Meredith E. Bagby and has been published by Dutton Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Business & Economics categories.
Generation X's most respected economic writer refutes the myths and stereotypes of her generation. CNN Financial News Network's Meredith Bagby--author of THE ANNUAL REPORT OF THE UNITED STATES OF AMERICA--examines the ways in which her generation, against the odds, is steering our economy in a new direction.
Realizing Rational Exuberance
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Author : China Financial Policy Research Center
language : en
Publisher: World Scientific Publishing Company Incorporated
Release Date : 2013
Realizing Rational Exuberance written by China Financial Policy Research Center and has been published by World Scientific Publishing Company Incorporated this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Business & Economics categories.
This is a collection of the Mundell-Huang Da Lectures on Economics held at the Renmin University of China, including lectures by leading authorities in the international economics circle and Nobel Prize winners such as Jean-Jacques Laffont, Michael Spence, Edmund Phelps, Robert Shiller and Robert J Barro. Each speech is accompanied by insightful comments from economists in China to help readers understand the latest developments in economics and finance and integrate them with China's current situation.
Rational Exuberance For Renewable Energy
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Author : Srinivasan Sunderasan
language : en
Publisher:
Release Date : 2011-03-30
Rational Exuberance For Renewable Energy written by Srinivasan Sunderasan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-03-30 with categories.
Rational Pessimism Rational Exuberance And Asset Pricing Models
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Author : Ravi Bansal
language : en
Publisher:
Release Date : 2007
Rational Pessimism Rational Exuberance And Asset Pricing Models written by Ravi Bansal and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Assets (Accounting) categories.
The paper estimates and examines the empirical plausibiltiy of asset pricing models that attempt to explain features of financial markets such as the size of the equity premium and the volatility of the stock market. In one model, the long run risks model of Bansal and Yaron (2004), low frequency movements and time varying uncertainty in aggregate consumption growth are the key channels for understanding asset prices. In another, as typified by Campbell and Cochrane (1999), habit formation, which generates time-varying risk-aversion and consequently time-variation in risk-premia, is the key channel. These models are fitted to data using simulation estimators. Both models are found to fit the data equally well at conventional significance levels, and they can track quite closely a new measure of realized annual volatility. Further scrutiny using a rich array of diagnostics suggests that the long run risk model is preferred.
Irrational Exuberance
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Author : Robert J. Shiller
language : en
Publisher: Broadway
Release Date : 2001
Irrational Exuberance written by Robert J. Shiller and has been published by Broadway this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Business & Economics categories.
With a new Afterword on the current state of the stock market, the ongoing debate over the "new economy," and the larger implications of "irrational exuberance." In this controversial, hard-hitting account of today's explosive market, Robert J. Shiller, a leading expert on market volatility, evokes Alan Greenspan's infamous 1996 reference, "irrational exuberance," to explain the alternately soaring and declining stock market. Shiller's unconventional yet persuasive argument credits an unprecedented confluence of events with driving stocks to uncharted heights, and he analyzes the structural, cultural, and psychological factors behind these levels of growth not reflected in any other sector of the economy. Now more relevant than ever, this analysis is both chilling and convincing-a must-read for the individual investor, the policy maker, and the investment professional.