Browsing by Author "Chevillon, Guillaume"
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Penasse, Julien (2014)Understanding asset prices fluctuations is a central issue in financial economics. In a rational, no-bubble model, the present-value identity links the dividend-price ratio to future cash flows and future discount rates. ...
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Peia, Oana (2016)This thesis consists of four essays on finance and the real economy. Chapter 1 studies the effect of banking crises on the composition of investment. It builds a partial equilibrium growth model with a banking sector and ...
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Yoon, Yong June (2019)In the following three essays, I explore the persistence and volatility induced under adaptive learning. Chapter One derives a simple and versatile model about permanent/transitory decompositions based on agents’ beliefs ...
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Kwon, Joonsuk (2019)