Essays in Financial Economics

dc.contributor.advisor	Bansal, Ravi	en_US
dc.contributor.author	Kung, Howard Pan	en_US
dc.date.accessioned	2012-05-25T20:15:42Z
dc.date.available	2012-05-25T20:15:42Z
dc.date.issued	2012	en_US
dc.identifier.uri	http://hdl.handle.net/10161/5503
dc.description	Dissertation	en_US
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>	en_US
dc.subject	Finance	en_US
dc.subject	Economics	en_US
dc.subject	Asset Pricing	en_US
dc.subject	Endogenous Growth	en_US
dc.subject	Recursive Preferences	en_US
dc.title	Essays in Financial Economics	en_US
dc.type	Dissertation	en_US
dc.department	Business Administration	en_US