5 projets européens trouvés
Recherche sur 125080 projets européens
TERMINÉ
Empirical Macro-Finance and the Financial Economics of Insurance Markets (EMF-FEIM)
Date du début: 1 oct. 2013, Date de fin: 30 sept. 2018,
"My project consists of two lines of work. 1.Empirical Macro-Finance: Asset prices are informative about the macro-economic risks that matter to investors and about the welfare costs of economic fluctuations. However, recent empirical evidence suggests that leading asset pricing models cannot explain how risks are priced across maturities in equity markets, which is a key input to measuring the co ...
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TERMINÉ
Institutional Frictions in International Finance and Asset Pricing (IFAP)
Date du début: 1 nov. 2010, Date de fin: 31 oct. 2016,
"My project consists of three lines of work.1. Incentives of Money Managers and Asset PricingThe leading theories of asset pricing stipulate that prices in financial markets are determined by households who seek to optimise lifetime consumption (or by the so-called representative consumer ). This approach leaves no role for important institutional frictions such as, e.g., financial constraints an ...
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TERMINÉ
Corporate Governance (GOV)
Date du début: 1 févr. 2011, Date de fin: 31 janv. 2016,
"The objective of this proposal is to apply for an ERC Starting Grant to support a careful study of the design and implications of corporate governance. Corporate governance is the set of mechanisms that are designed to address the conflicts between the managers and owners of assets when there is a separation of ownership and control. These mechanisms are intended to monitor the person who has c ...
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1
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TERMINÉ
Dynamic Structural Corporate Finance: Linking Theory and Empirical Testing (DYNACORP)
Date du début: 1 oct. 2011, Date de fin: 30 sept. 2015,
There are three components to this project: Theory; Empirical Testing; and Dissemination. All components are linked to the current policy question of how taxes influence debt and systemic risk, and all use novel dynamic structural models. I am unique in explicitly linking such models to empirical testing.Theory: “Learning, Capital Structure and Systemic Risk.” Standard dynamic structural models of ...
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1
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TERMINÉ
Macroeconomic Dynamics with Heterogeneous Agents (MACROHETEROGENEITY)
Date du début: 1 nov. 2010, Date de fin: 31 oct. 2014,
The global recession associated with the 2008-09 financial crisis has triggered a wave of unprecedented fiscal and monetary interventions. Despite their wide use across the world, the quantitative effects of these large scale measures on the aggregate economy remain unclear. The main reason for this uncertainty is that governments and central banks have been unable, so far, to target the househo ...
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