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New Models for asset ownership in a capital constrained environment

机译：在资本有限的环境中资产所有权的新模型

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《PTC's 26th annual conference (PTC'04)》|2004年|p.1-6|共6页
会议地点 Honolulu HI(US);Honolulu HI(US)
作者
Scott Davies;
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作者单位

Macquarie Communications Infrastructure GrouprnAustralia;

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会议组织
原文格式 PDF
正文语种 eng
中图分类通信;
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入库时间 2022-08-26 14:15:59

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专利

1. Asset Management in a Capital Constrained Environment [J] . P.D. Blackmore Energy Source & Distribution . 2015,第9a10期

机译：资金受限环境下的资产管理
2. The Capital Asset Pricing Model And Fama-French Three Factor Model In An Emerging Market Environment [J] . Adam Karp, Gary van Vuuren International business & economics research journal . 2017,第4期

机译：新兴市场环境下的资本资产定价模型和法玛-法国三因素模型
3. The Capital Asset Pricing Model And Fama-French Three Factor Model In An Emerging Market Environment [J] . Adam Karp, Gary van Vuuren International Business & Economics Research Journal . 2017,第4期

机译：新兴市场环境下的资本资产定价模型和法玛-法国三因素模型
4. New Models for asset ownership in a capital constrained environment [C] . Pacific Telecommunications Council's annual conference . 2004

机译：资本受限环境中资产所有权的新模型
5. Liquidity and asset pricing: A comparison between three-factor and three-moment capital asset pricing models. [D] . Nguyen, Duong. 2006

机译：流动性和资产定价：三要素资本资产模型和三要素资本资产定价模型之间的比较。
6. Is estimating the Capital Asset Pricing Model using monthly and short-horizon data a good choice? [O] . Chinh Duc Pham, Le Tan Phuoc 2020

机译：使用每月和短地平线数据估算资本资产定价模型是一个不错的选择？
7. Financial Development and the Distributional Effects of Monetary Policy Do the distributional consequences of monetary policy depend on the extent of financial development? Should optimal monetary policy vary across countries? In order to answer these questions, we develop a monetary growth production model with heterogeneous agents. In our economy, optimal policy needs to weigh the effects of policy across two groups — capital owners and individuals who hold liquid assets. While banks help limit the exposure to inflation, there are limits because money alleviates the frictions of private information and limited communication. In this environment, we compare two economies that are identical in every aspect except for their level of financial development. In a country with limited financial development, a stock market is absent. In the other, an equity market is active. In either economy, inflation adversely affects capital formation and output. Individuals who hold liquid assets are always adversely affected by inflation, but the attitude of capital owners depends on the level of financial development. In particular, in the presence of a stock market, the impact of inflation on the welfare of capital owners is non-monotonic. Nevertheless, optimal monetary policy is always more conservative at higher levels of financial development. [O] . TINA M. Edgar A. Ghossoub, TINA M. Robert R. Reedy 100

机译：金融发展和货币政策的分配效应货币政策的分配后果是否取决于金融发展的程度？各国的最优货币政策应该不同吗？为了回答这些问题，我们开发了一个具有异构代理的货币增长生产模型。在我们的经济中，最优政策需要权衡两个群体的政策效应 - 资本所有者和持有流动资产的个人。虽然银行帮助限制通胀风险，但存在限制，因为资金减轻了私人信息的摩擦和有限的沟通。在这种环境下，我们比较两个经济体在各个方面都是相同的，除了它们的金融发展水平。在金融发展有限的国家，缺乏股票市场。另一方面，股票市场活跃。在任一经济体中，通胀都会对资本形成和产出产生不利影响持有流动资产的个人总是受到通货膨胀的不利影响，但资本所有者的态度取决于金融发展的水平。特别是，在股票市场存在的情况下，通货膨胀对资本所有者福利的影响是非单调的。尽管如此，在较高的金融发展水平下，最优货币政策总是更加保守。

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