A HEURISTIC MACRO MODEL OF A FINANCIAL MARKET Myron J Gordon and Suresh P Sethi


     Related Videos
Don McLeroy macro evolution revised standards
SUPER MACRO TERMITES HD Biofules wood digesting enzymes Termite harvesting
Lecture - 9 ER Model to Relational Model Maping
Investment Analysis, Lecture 13 - Macro Fundamental Analysis cont. - YouTube
WST 9 7 Adv FM Core Model - Integrating

     Related Hubpages

    Field: More fields of sc...  DOWNLOAD  BOOKMARK REPORT
    •  Doc. Url:    Embed Code: 

    • citeseer  status
      (0) (0 Votes)
      		Views: (1006)   Date: (13-05-09)   Pages: ()

    • Author:  by Nove Mb Er  Myron J. Gordon  Suresh P. Sethi  

    • Abstract:  A macro model of a financial market is presented in which the actors are portfolio investors and the securities are a share and a one-period bond. Each investor makes periodic portfolio and consumption decisions on the basis of the share?s price and expected return, and other relevant variables. The decisions of the investors are independent of each other, but price and expected return adjust so that investors in aggregate are persuaded to hold the outstanding quantities of bonds and shares. Simulation of the model is consistent with U.S. experience with respect to the mean and the variance of the holding-period return on the S&P 500, portfolio composition, and other financial market variables. Expansion of the model to include additional securities and actors is discussed. Myron Gordon is Professor Emeritus of Finance, Rotman School of Management, University of Toronto, Toronto, Canada M5S 3E6. Email: gordon@mgmt.utoronto .ca. Suresh P. Sethi is Ashbell Smith Professor of Operations Ma...

         Related Documents

           Related Groups

             Related Science News

             More on Sciencestage

             Answers

             News
        • A new NBA star, Jeremy Lin becomes a bankable name
          NEW YORK (Reuters) - Less than two weeks ago anyone looking to buy a ticket to watch the New York Knicks play the Dallas Mavericks this weekend could expect to pay around $270. Today, the same ticket would cost about twice that. Call it Linflation. Jeremy Lin's surprising basketball heroics have made the 23-year-old point guard a sports sensation and media darling nearly overnight, and there are ...
        • A look at telecom-industry subscriber reports
          Here is a summary of reports for selected telecommunications companies and what they reveal about their own and the industry's prospects:
        • The Lede Blog: Video Imagining Putin in the Dock Is a Hit
          A fake news report, giving Russians a chance to imagine what it would be like to see Prime Minister Vladimir Putin stand trial by remixing footage from the trail of Mikhail Khodorkovsky, has become a viral hit.
        • Featherweight songbird is a long-distance champ
          A tiny songbird weighing just two tablespoons of sugar migrates from the Arctic to Africa and back, a distance of up to 29,000 kilometres (18,000 miles), scientists reported on Wednesday.
        • “Joseph Roth: A Life in Letters,” translated and edited by Michael Hofmann
          About a dozen or so years ago, I decided to review a novel by Joseph Roth called “ The Tale of the 1002nd Night .” At the time, I knew almost nothing about Roth (1894-1939), except that he was Austrian, Jewish and the author of a book I’d heard called a masterpiece, “ The Radetzky March .” Only later did I learn that he was also a highly regarded journalist (mostly for the Frankfurter Zeitung ...
        • Payroll tax deal a win for Democrats
          WASHINGTON (Reuters) - Congressional negotiators on Wednesday worked to finish details on a comprehensive payroll tax cut deal that would give Democrats a rare victory and free Republicans of an issue that threatened to stalk them to the November elections. If no last-minute problems arise, the House of Representatives and Senate were expected to vote by the end of this week to extend President ...
        • A feast for footy fans
          Non-stop football programming is making a return to pay TV, writes Richard Hinds.
        • For Houston mourners, a dearth of places to grieve
          In Whitney Houston's hometown, her family plans a private church service, with no public memorial set. In Los Angeles, where she died, there's not even a star on the Hollywood Walk of Fame for fans to pile flowers. So for the legion of music lovers mourning a global superstar, where do broken hearts go?
        • A political tip sheet for the rest of us
          A political tip sheet for the rest of us outside the Washington Beltway, for Wednesday, Feb. 15, 2015:
        • Ryder Cup a top priority for re-energized Garcia
          PACIFIC PALISADES, California (Reuters) - Having ended a lengthy title drought with back-to-back victories late last year, Sergio Garcia has regained his golfing appetite and is hungry to return to the European Ryder Cup team. The gifted Spaniard, who was once tipped to be Tiger Woods's biggest challenger, says his motivation is back and he is determined to return for his sixth Ryder Cup ...

             Related on Wikipedia




























         

        Powered free by PHPmotion