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The road to recovery [[electronic resource] ] : how and why economic policy must change / / Andrew Smithers ; [foreword by Martin Wolf]
The road to recovery [[electronic resource] ] : how and why economic policy must change / / Andrew Smithers ; [foreword by Martin Wolf]
Autore Smithers Andrew
Edizione [1st edition]
Pubbl/distr/stampa Chichester, West Sussex, : John Wiley & Sons Ltd., 2013
Descrizione fisica xiii, 279 p. : col. ill
Disciplina 339.5
Soggetto topico Economic policy
Financial crises - Prevention
ISBN 1-118-51569-2
1-118-74524-8
1-118-51567-6
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Record Nr. UNINA-9910139007103321
Smithers Andrew  
Chichester, West Sussex, : John Wiley & Sons Ltd., 2013
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
The road to recovery : how and why economic policy must change / / Andrew Smithers ; [foreword by Martin Wolf]
The road to recovery : how and why economic policy must change / / Andrew Smithers ; [foreword by Martin Wolf]
Autore Smithers Andrew
Edizione [1st edition]
Pubbl/distr/stampa Chichester, West Sussex, : John Wiley & Sons Ltd., 2013
Descrizione fisica xiii, 279 p. : col. ill
Disciplina 339.5
Soggetto topico Economic policy
Financial crises - Prevention
ISBN 1-118-51569-2
1-118-74524-8
1-118-51567-6
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Cover -- Title page -- Copyright page -- Contents -- Dedication -- Foreword -- 1: Introduction -- 2: Why the Recovery Has Been So Weak -- 3: Alternative Explanations for Today's Low Business Investment and High Profit Margins -- 4: Forecasting Errors in the UK and the US -- 5: Cyclical or Structural: The Key Issue for Policy -- 6: The Particular Problem of Finance and Banking -- 7: Japan Has a Similar Problem with a Different Cause -- 8: The End of the Post-War Era -- 9: Misinformation as a Barrier to Sound Policy Decisions -- 10: Avoiding Future Financial Crises -- 11: The Current High Level of Risk -- 12: Inflation -- 13: Prospects Not Forecasts -- 14: Tackling the Bonus Culture -- 15: The Need for Change in Economic Theory and the Resistance to It -- 16: Summary and Conclusions -- Appendix 1: Mean Reversion of US Profit Margins -- Appendix 2: Goods' Output Requires Much More Capital Than Service Output -- Bibliography -- A Note on Data Sources -- Acknowledgements -- Index.
Record Nr. UNINA-9910814765203321
Smithers Andrew  
Chichester, West Sussex, : John Wiley & Sons Ltd., 2013
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Wall Street revalued [[electronic resource] ] : imperfect markets and inept central bankers / / Andrew Smithers
Wall Street revalued [[electronic resource] ] : imperfect markets and inept central bankers / / Andrew Smithers
Autore Smithers Andrew
Pubbl/distr/stampa Chichester, West Sussex ; ; Hoboken, NJ, : John Wiley & Sons, 2009
Descrizione fisica 1 online resource (289 p.)
Disciplina 332
332.04150973
Soggetto topico Capital market - United States
Monetary policy - United States
Finance - United States
Banks and banking, Central - United States
Soggetto genere / forma Electronic books.
ISBN 0-470-68510-7
1-119-20701-0
1-282-29160-2
9786612291609
0-470-68269-8
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto WALL STREET REVALUED: Imperfect Markets and Inept Central Bankers; Contents; Foreword; 1: Introduction; 2: Synopsis; 3: Interest Rate Levels and the Stock Market; 4: Interest Rate Changes and Share Price Changes; 5: Household Savings and the Stock Market; 6: A Moderately Rather than a Perfectly Efficient Market; 7: The Efficient Market Hypothesis; 8: Testing the Imperfectly Efficient Market Hypothesis; 9: Other Claims for Valuing Equities; 10: Forecasting Returns without Using Value; 11: Valuing Stock Markets by Hindsight Combined with Subsequent Returns; 12: House Prices
13: The Price of Liquidity - The Return for Holding Illiquid Assets14: The Return on Equities and the Return on Equity Portfolios; 15: The General Undesirability of Leveraging Equity Portfolios; 16: A Rare Exception to the Rule Against Leverage; 17: Profits are Overstated; 18: Intangibles; 19: Accounting Issues; 20: The Impact on q; 21: Problems with Valuing the Markets of Developing Economies; 22: Central Banks' Response to Asset Prices; 23: The Response to Asset Prices from Investors, Fund Managers and Pension Consultants; 24: International Imbalances; 25: Summing Up
Appendix 1: Sources and ObligationsAppendix 2: Glossary of Terms; Appendix 3: Interest Rates, Profits and Share Prices; Appendix 4: Examples of the Current (Trailing) and Next Year's (Prospective) PEs Giving Misleading Guides to Value; Appendix 5: Real Returns from 17 International Equity Markets Comparing 1899-1954 with 1954-2008 and Showing Their Variance Compression; Appendix 6: Errors in Inflation Expectations and the Impact on Bond Returns; Appendix 7: An Algebraic Demonstration that Negative Serial Correlation can make the Leverage of an Equity Portfolio Unattractive
Appendix 8: Correlations between International Stock MarketsBibliography; Index; colour plates
Record Nr. UNINA-9910139932003321
Smithers Andrew  
Chichester, West Sussex ; ; Hoboken, NJ, : John Wiley & Sons, 2009
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Wall Street revalued [[electronic resource] ] : imperfect markets and inept central bankers / / Andrew Smithers
Wall Street revalued [[electronic resource] ] : imperfect markets and inept central bankers / / Andrew Smithers
Autore Smithers Andrew
Pubbl/distr/stampa Chichester, West Sussex ; ; Hoboken, NJ, : John Wiley & Sons, 2009
Descrizione fisica 1 online resource (289 p.)
Disciplina 332
332.04150973
Soggetto topico Capital market - United States
Monetary policy - United States
Finance - United States
Banks and banking, Central - United States
ISBN 0-470-68510-7
1-119-20701-0
1-282-29160-2
9786612291609
0-470-68269-8
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto WALL STREET REVALUED: Imperfect Markets and Inept Central Bankers; Contents; Foreword; 1: Introduction; 2: Synopsis; 3: Interest Rate Levels and the Stock Market; 4: Interest Rate Changes and Share Price Changes; 5: Household Savings and the Stock Market; 6: A Moderately Rather than a Perfectly Efficient Market; 7: The Efficient Market Hypothesis; 8: Testing the Imperfectly Efficient Market Hypothesis; 9: Other Claims for Valuing Equities; 10: Forecasting Returns without Using Value; 11: Valuing Stock Markets by Hindsight Combined with Subsequent Returns; 12: House Prices
13: The Price of Liquidity - The Return for Holding Illiquid Assets14: The Return on Equities and the Return on Equity Portfolios; 15: The General Undesirability of Leveraging Equity Portfolios; 16: A Rare Exception to the Rule Against Leverage; 17: Profits are Overstated; 18: Intangibles; 19: Accounting Issues; 20: The Impact on q; 21: Problems with Valuing the Markets of Developing Economies; 22: Central Banks' Response to Asset Prices; 23: The Response to Asset Prices from Investors, Fund Managers and Pension Consultants; 24: International Imbalances; 25: Summing Up
Appendix 1: Sources and ObligationsAppendix 2: Glossary of Terms; Appendix 3: Interest Rates, Profits and Share Prices; Appendix 4: Examples of the Current (Trailing) and Next Year's (Prospective) PEs Giving Misleading Guides to Value; Appendix 5: Real Returns from 17 International Equity Markets Comparing 1899-1954 with 1954-2008 and Showing Their Variance Compression; Appendix 6: Errors in Inflation Expectations and the Impact on Bond Returns; Appendix 7: An Algebraic Demonstration that Negative Serial Correlation can make the Leverage of an Equity Portfolio Unattractive
Appendix 8: Correlations between International Stock MarketsBibliography; Index; colour plates
Record Nr. UNINA-9910830931703321
Smithers Andrew  
Chichester, West Sussex ; ; Hoboken, NJ, : John Wiley & Sons, 2009
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Wall Street revalued : imperfect markets and inept central bankers / / Andrew Smithers
Wall Street revalued : imperfect markets and inept central bankers / / Andrew Smithers
Autore Smithers Andrew
Pubbl/distr/stampa Chichester, West Sussex ; ; Hoboken, NJ, : John Wiley & Sons, 2009
Descrizione fisica 1 online resource (289 p.)
Disciplina 332
332.04150973
Soggetto topico Capital market - United States
Monetary policy - United States
Finance - United States
Banks and banking, Central - United States
ISBN 0-470-68510-7
1-119-20701-0
1-282-29160-2
9786612291609
0-470-68269-8
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto WALL STREET REVALUED: Imperfect Markets and Inept Central Bankers; Contents; Foreword; 1: Introduction; 2: Synopsis; 3: Interest Rate Levels and the Stock Market; 4: Interest Rate Changes and Share Price Changes; 5: Household Savings and the Stock Market; 6: A Moderately Rather than a Perfectly Efficient Market; 7: The Efficient Market Hypothesis; 8: Testing the Imperfectly Efficient Market Hypothesis; 9: Other Claims for Valuing Equities; 10: Forecasting Returns without Using Value; 11: Valuing Stock Markets by Hindsight Combined with Subsequent Returns; 12: House Prices
13: The Price of Liquidity - The Return for Holding Illiquid Assets14: The Return on Equities and the Return on Equity Portfolios; 15: The General Undesirability of Leveraging Equity Portfolios; 16: A Rare Exception to the Rule Against Leverage; 17: Profits are Overstated; 18: Intangibles; 19: Accounting Issues; 20: The Impact on q; 21: Problems with Valuing the Markets of Developing Economies; 22: Central Banks' Response to Asset Prices; 23: The Response to Asset Prices from Investors, Fund Managers and Pension Consultants; 24: International Imbalances; 25: Summing Up
Appendix 1: Sources and ObligationsAppendix 2: Glossary of Terms; Appendix 3: Interest Rates, Profits and Share Prices; Appendix 4: Examples of the Current (Trailing) and Next Year's (Prospective) PEs Giving Misleading Guides to Value; Appendix 5: Real Returns from 17 International Equity Markets Comparing 1899-1954 with 1954-2008 and Showing Their Variance Compression; Appendix 6: Errors in Inflation Expectations and the Impact on Bond Returns; Appendix 7: An Algebraic Demonstration that Negative Serial Correlation can make the Leverage of an Equity Portfolio Unattractive
Appendix 8: Correlations between International Stock MarketsBibliography; Index; colour plates
Record Nr. UNINA-9910877771903321
Smithers Andrew  
Chichester, West Sussex ; ; Hoboken, NJ, : John Wiley & Sons, 2009
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui