Information Choice in Macroeconomics and Finance (eBook)

Laura L. Veldkamp (Autor)

eBook Download: EPUB

2011
184 Seiten
Princeton University Press (Verlag)
978-1-4008-4049-6 (ISBN)

Infos

An authoritative graduate textbook on information choice, an exciting frontier of research in economics and financeMost theories in economics and finance predict what people will do, given what they know about the world around them. But what do people know about their environments? The study of information choice seeks to answer this question, explaining why economic players know what they know-and how the information they have affects collective outcomes. Instead of assuming what people do or don't know, information choice asks what people would choose to know. Then it predicts what, given that information, they would choose to do. In this textbook, Laura Veldkamp introduces graduate students in economics and finance to this important new research.The book illustrates how information choice is used to answer questions in monetary economics, portfolio choice theory, business cycle theory, international finance, asset pricing, and other areas. It shows how to build and test applied theory models with information frictions. And it covers recent work on topics such as rational inattention, information markets, and strategic games with heterogeneous information.Illustrates how information choice is used to answer questions in monetary economics, portfolio choice theory, business cycle theory, international finance, asset pricing, and other areasTeaches how to build and test applied theory models with information frictionsCovers recent research on topics such as rational inattention, information markets, and strategic games with heterogeneous information

Autor

Laura L. Veldkamp is associate professor of economics at New York University's Stern School of Business.

Produkt-Details

• Erscheint lt. Verlag: 22.8.2011
• Zusatzinfo: 3 line illus.
• Verlagsort: Princeton
• Sprache: englisch
• Themenwelt: Wirtschaft ► Allgemeines / Lexika
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Mikroökonomie
• Schlagworte: Accounting • aggregate demand • Arbitrage • asset • Average Price • Bayesian probability • Bayes' Theorem • Behavioral Economics • Bid-ask spread • Bond Market • Brokerage fee • Brokerage firm • budget constraint • Business Cycle • Buyer decision process • Calculation • Capital Asset Pricing Model • Capital services • Case study • Central Bank • Chi-squared test • Common knowledge (logic) • Competitive equilibrium • Competitive Pricing • consumer • Consumer behaviour • Consumer Price Index • Consumption (Economics) • Coordination game • Corner solution • Corporate Finance • Correction (newspaper) • cost-effectiveness analysis • Cost of capital • Covariance matrix • Credit Crunch • Currency • Currency Crisis • Determinant • Devaluation • Diagonal matrix • Discounts and allowances • Diversification (finance) • dividend • Doctor of Philosophy • Drawback • Econometrics • Economic bubble • Economic equilibrium • Economics • economy • Editing • Equity Market • error • Exchange Rate • Explanation • Exponential utility • Externality • Factor market • Federal Open Market Committee • Filtering problem (stochastic processes) • Finance • Financial Analysis • Financial asset • Financial Services • Financial Times • Fixed exchange-rate system • Forecasting • General Equilibrium Theory • Home bias • Immigration Policy • Incentive • income • Industry Classification • Inflation • Information asymmetry • Information Theory • Institutional Brokers' Estimate System • Interest Rate • International finance • Investment • Investment Decisions • Investment goods • investment theory • Investor • Kalman Filter • Labour Economics • Literature • Loss Function • Macroeconomic model • Macroeconomics • Marginal cost • Marginal product • marginal product of capital • Marginal value • Market Environment • market liquidity • Market Maker • Market microstructure • Market Price • Market Segmentation • Methodology • Model Selection • monetary policy • Money Supply • Monopolistic Competition • Noise trader • Normal distribution • obstacle • Outcome (game theory) • Output (economics) • Partial equilibrium • payout • Political Economy • Portfolio Investment • Portfolio Manager • portfolio optimization • Prediction • Prediction Market • Preference (economics) • Price adjustment (retail) • price change • Price Fixing • price level • Pricing • Principal Component Analysis • Probability • Producer Price Index • Production Function • Productivity • Provision (accounting) • Public-benefit corporation • Quantity • Random Variable • Rate of return • Rational Expectations • Rational inattention • Real interest rate • Regime shift • Relative price • Risk Aversion • Risk Premium • Scale In • Security (finance) • Share Price • Sharpe Ratio • Speculation • Speculative attack • standard deviation • Stock Market • Stock market index • Stock Split • Strategic complements • Suggestion • Supply (economics) • Supply shock • Tax Policy • Technology • Trader (finance) • Trading day • Uncertainty • Utility • Valuation (finance) • Value of Information • Variance • Wealth
• ISBN-10: 1-4008-4049-X / 140084049X
• ISBN-13: 978-1-4008-4049-6 / 9781400840496