Stefan Nagel (UChicago) - Asset pricing with subjective beliefs [MFS Summer School 2021]
Автор: Macro Finance Society
Загружено: 2021-09-02
Просмотров: 2677
Stefan Nagel from Uchicago (University of Chicago Booth School of Business) - Asset pricing with subjective beliefs [Macro Finance Society Virtual Summer School 2021]
Full program of the MFS Virtual Summer School 2021 - https://macrofinancesociety.org/mfs-w...
Link to the lecture slides - https://bit.ly/3DJAlE2
Beliefs about payoff distribution
Stocks: Dividend expectations, earnings expectations
Bonds: inflation expectations, interest-rate expectations
Options: volatility expectations, higher moments
If you are doing phd in economics or finance, you would enjoy watching this video!
The mission of the Macro Finance Society (https://macrofinancesociety.org/) is to advance and disseminate high-quality research in Macro Finance, which is a broad area at the intersection of financial economics and macroeconomics. The research conducted at The Society emphasizes microeconomic foundations via (dynamic) structural modeling, while being grounded in the data. Members of The Society consist of both financial economists and macroeconomists, who share the common goal of advancing and disseminating high-quality research in Macro Finance.
Macro-finance addresses the link between asset prices and economic fluctuations. Macroeconomics (from the Greek prefix makro- meaning "large" + economics) is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole. Macroeconomists study topics such as GDP, unemployment rates, national income, price indices, output, consumption, unemployment, inflation, saving, investment, energy, international trade, and international finance. Asset prices are the prices for which financial instruments, such as stocks, bonds, currencies, etc., are bought and sold.
Macro Finance Society web-site: https://macrofinancesociety.org/
Thanks for watching Stefan Nagel (UChicago) - Asset pricing with subjective beliefs [MFS Summer School 2021]
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