Essays on the secular stagnation hypothesis and the cross-section of assets returns
This thesis studies the relations between growth and cross-sectional assets prices. I develop four discrete-time models in both the exchange and the production economy. Chapter 3 introduces the model with two Lucas trees and studies the interactions between two trees in terms of their price dividend...
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University of York
2017
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| Online Access: | https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.739915 |