Earlier Comments on the credit situation
Given at the GSB Global Financial Markets Forum. Some good aspects of the current situation, some unheralded aspects of the Fed’s policy, some things that went wrong, and the downside of some quick fixes.
Earlier Comments on the credit situation given at the GSB Global Financial Markets Forum. Some good aspects of the current situation, some unheralded aspects of the Fed’s policy, some things that went wrong, and the downside of some quick fixes.
Cost of Capital
Slides for a talk on cost of capital given at NABE conference, Sept 25 2005. The old advice to use the CAPM and 6% for cost of capital doesn’t make any sense now that we know expected returns vary over time.
Slides for a talk on cost of capital given at NABE conference, Sept 25 2005. The old advice to use the CAPM and 6% for cost of capital doesn’t make any sense now that we know expected returns vary over time.
Asset Pricing and the Equity Premium
Slides for the Smith-O’Brian Lecture, Notre Dame University, October 8 2004. (An update of several related talks)
Slides for the Smith-O’Brian Lecture, Notre Dame University, October 8 2004. (An update of several related talks)