- Past Events🔍
- Lawrence D.W. Schmidt🔍
- Asset price bubbles🔍
- technological innovation and labor income risk🔍
- Asset pricing anomalies before modern theory🔍
- Changing Income Risk across the US Skill Distribution🔍
- Do Intermediaries Matter for Aggregate Asset Prices?🔍
- Behavioral finance impacts on US stock market volatility🔍
Asset Pricing Implications of Labor Market Event Risk by Lawrence ...
Past Events - Department of Economics - Northwestern University
... labor market implications. October 9, 202412:00 PM - 1:30 PM, Macroeconomics ... labor markets, and congestion costs. I demonstrate that the equilibrium ...
Lawrence D.W. Schmidt: Home - Larry
We build an equilibrium model of labor market search that quantitatively replicates these facts. The model generates endogenous time-varying ...
nificant interest, since there have been instances when their bursting has led to turmoil in financial markets and the wider economy. The October 1929 stock.
Lawrence D. W.. Schmidt is a professor of ... Climbing and falling off the ladder: Asset pricing implications of labor market event risk.
Asset pricing anomalies before modern theory - CEPR
This column uses historical data over 1900-1925 from nine equity markets to provide an out-of-sample test for these asset pricing anomalies.
Changing Income Risk across the US Skill Distribution
Second, we present the benchmark parameter estimates of our income process. Third, we ex- amine the observable labor market events associated with persistent ...
Do Intermediaries Matter for Aggregate Asset Prices? - Duke Fuqua
Schmidt, Lawrence, 2015, Climbing and falling off the ladder: Asset pricing implications of labor market event risk, working paper .
Behavioral finance impacts on US stock market volatility: an analysis ...
Market anomalies can take various forms, including unusual patterns in asset prices ... events while herding behavior can amplify the impact ...
Asset Pricing at the Millennium - CiteSeerX
In the absence of arbitrage opportunities, there exists a. “stochastic discount factor” that relates payoffs to market prices for all as- sets in the economy.
Effect of Minimum Wages on Low-Wage Jobs - Oxford Academic
In models with labor market frictions, wage spillovers also typically fade out, because workers and firms in the upper tail of the wage ...
Asset Pricing with Return Extrapolation Lawrence J. Jin and Pengfei ...
and hence the risk associated with the stock market. • that is, an ... – these models generate different implications for asset prices. Comparison with ...
Schmidt, Lawrence DW, “Climbing and Falling off the Ladder: Asset Pricing Implications of. Labor Market Event Risk,” 2016. Working Paper. Shiller, Robert J ...
Harvard's Larry H. Summers on Secular Stagnation – IMF F&D
Increased risk and uncertainty would tend to lead to decreased rather than increased asset price multiples. Any temporary consequence of the financial crisis ...
... risks, and how these risks vary over ... and Lawrence F. Katz, “Interindustry Wage ... Asset Pricing Implications of Labor. Market Event Risk,” Working paper.
Investor experiences and financial market dynamics - ScienceDirect
Recent crises in the stock and housing markets have stimulated a new wave of macro-finance models of risk-taking. ... As argued by Woodford (2013), the empirical ...
extrapolative, they add volatility to asset prices and labor markets, contributing to ... Labor adds 'background risk' that causes the pricing ...
New Frontiers in Asset Pricing | Department of Economics
two-sector economy. Dissecting the risk premium of expenditure and the risk premium of relative good price, I show that shrinking expenditure share in the good ...
Does Unemployment Risk Affect Business Cycle Dynamics?
I incorporate labor market frictions into such a model in order to study the aggregate implications of unemployment risk. The mechanism in the two-asset model ...
What Triggers Stock Market Jumps? - Harvard Business School
What drives big moves in national stock markets? The benchmark view in economics and finance holds that stock price changes reflect rational responses to news ...
Capital Asset Prices: A Theory Of Market Equilibrium Under ...
"The memory of stock return volatility: Asset pricing implications," Journal of Financial Markets, Elsevier, vol. 47(C). Nguyen, Duc Binh Benno & Prokopczuk, ...