Essays in Financial Economics

dc.contributor.advisor	Bansal, Ravi
dc.contributor.author	Kung, Howard Pan
dc.date.accessioned	2012-05-25T20:15:42Z
dc.date.available	2012-05-25T20:15:42Z
dc.date.issued	2012
dc.identifier.uri	https://hdl.handle.net/10161/5503
dc.description.abstract	<p>In my dissertation, I study the link between economic growth and asset prices in stochastic endogenous growth models. In these settings, long-term growth prospects are endogenously determined by innovation and R\&D. In equilibrium, R\&D endogenously drives a small, persistent component in productivity which generates long-run uncertainty about economic growth. With recursive preferences, this growth propagation mechanism helps reconcile a broad spectrum of equity and bond market facts jointly with macroeconomic fluctuations.</p>
dc.subject	Finance
dc.subject	Economics
dc.subject	Asset Pricing
dc.subject	Endogenous Growth
dc.subject	Recursive Preferences
dc.title	Essays in Financial Economics
dc.type	Dissertation
dc.department	Business Administration