The book On the Volatility of Stock Market Prices was written by author Rajnish Mehra Here you can read free online of On the Volatility of Stock Market Prices book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is On the Volatility of Stock Market Prices a good or bad book?
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IngersoU and Ross (1985), Lucas (1988), Kydland and Prescott (1982) and Merton (1971). This paradigm has several advantages: The partial equilibrium micro studies cited earlier ignore the interaction of consumption growth and interest rates, implicitly assuming their in- dependence. In contrast, the neoclassical growth model explicitly captures their interaction. Secondly, examining aggregate values relative to National Income is natural in this theoret- ical setting since detrending is not a p...roblem as these series appear to be co-integrated. The principal results of our study cover the U. S. Economy for the post War years 1946- 1987. During this period we observe that the value of equity in the U. S. As a ratio of National Income has moved by a factor of about three, from a low of 0. 48 of National Income in 1948 to a high of 1. 33 of National Income in 196S. Dropping down to 0. 53 of National Income in 1974. Furthermore, there is a fair amount of persistence in the plo. T of the ratio of market value of equity to National Income vs.
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