Macro-Finance
E802234
Macro-Finance is a field of economics that studies how macroeconomic conditions and risks are linked to asset prices and financial markets, often using models that connect consumption, investment, and returns over time.
Statements (50)
| Predicate | Object |
|---|---|
| instanceOf |
academic discipline
ⓘ
field of economics ⓘ research area ⓘ |
| analyzes |
credit spreads
ⓘ
equity risk premia ⓘ exchange rates ⓘ inflation-linked securities ⓘ macro risk factors in asset pricing ⓘ term structure of interest rates ⓘ |
| appliedIn |
financial stability policy
ⓘ
macroprudential regulation ⓘ monetary policy analysis ⓘ portfolio management ⓘ sovereign risk assessment ⓘ |
| connects |
aggregate risk and financial markets
ⓘ
consumption and asset returns ⓘ investment and asset returns ⓘ macroeconomic shocks and risk premia ⓘ |
| developedIn |
early 21st century
ⓘ
late 20th century ⓘ |
| emergedFrom | integration of macroeconomics and finance ⓘ |
| examines |
effects of fiscal policy on financial markets
ⓘ
long-run risks in asset pricing ⓘ rare disasters and asset prices ⓘ role of monetary policy in asset prices ⓘ systemic risk and macroeconomic outcomes ⓘ time-varying risk premia ⓘ transmission of macroeconomic shocks through financial channels ⓘ |
| focusesOn |
asset pricing with macroeconomic foundations
ⓘ
cross-sectional variation in asset returns ⓘ effects of business cycles on financial markets ⓘ macro-financial linkages ⓘ time-series behavior of asset returns ⓘ |
| relatedTo |
asset pricing
ⓘ
business cycle theory ⓘ financial economics ⓘ financial stability analysis ⓘ macroeconomics ⓘ monetary economics ⓘ |
| studies |
interaction between macroeconomy and finance
ⓘ
link between macroeconomic conditions and asset prices ⓘ link between macroeconomic risks and financial markets ⓘ |
| uses |
calibration and simulation
ⓘ
consumption-based asset pricing models ⓘ dynamic stochastic general equilibrium models ⓘ general equilibrium models ⓘ intertemporal optimization models ⓘ panel data econometrics ⓘ structural estimation ⓘ time-series econometrics ⓘ |
Referenced by (1)
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