| Description |
1 online resource |
| Note |
Includes index. |
| Contents |
Intro; Title page; Table of Contents; Copyright; Preface; Introduction: Asset Allocation: Indexing, Smart Beta, and ValueTiming; Section I: Arbitrage and Mobility; Chapter 1: Arbitrage, Mobility, and Equilibrium Prices; Abstract; A 2X2X2X2 World; Equilibrium Under Autarky; Global and National Equilibrium; Global Equilibrium and the Trade Accounts; The Terms of Trade or Real Exchange Rate; Interest Rate Parity; What Happens When the Terms of Trade Change in Predictable Directions?; Adding the Final X2; Mobility, Trade, and the Equalization of Price and Factor Returns Across Borders. |
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Transportation Costs and Overall EquilibriumMobility and the Incidence of Taxes and Other Economic Shocks; The Speed of Adjustment to a New Equilibrium; Chapter 2: Practical Applications: The Investment and Policy Insights and Implications Derived From Arbitrage and Mobility; Abstract; Is the Law of One Price a Useful Concept?; Convergence: The Implementation of the Euro; The Convergence and Postconvergence Euro Environments; Divergence: The Dismantling of Bretton Woods; The Local Inflation Results; Does the Law of One Price Still Hold?; Are the Terms of Trade Constant? |
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Chapter 3: Are Commodity Price Increases Equivalent to Tax Increases?Abstract; Are Commodity Price Increases a Harbinger of Future Inflation?; Solving the Signal Extraction Problem; Searching for the Equivalence between Price and Tax Increases; Does the Price/Tax Equivalence Always Hold?; Considering the Different Possibilities; Interpreting Relative Price Swings; Is a Commodity Relative Price Increase Bullish or Bearish?; Chapter 4: The Terms of Trade; Abstract; A Broader Estimate; Policy Links; The Adjustment Process: Investment Implications; Does Our Theory Hold Water? |
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Does the Relationship Hold for Other Countries?Chapter 5: Yields, Risk Premium, and Terms of Trade; Abstract; The Different States of the World; Identifying the Different Environments; Summary; Chapter 6: The Competitive Economic Environment: Lessons From the States; Abstract; The States' Competitive Environment; The States' Income Tax Rates as a Proxy for Their Competitive Environment; The Evidence: The Changing Competitive Environment; The Interaction Among States' Migration, State Income Tax Rates, and Right to Work; Brain Drain?; Summary. |
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Chapter 7: Economic Policy and Performance: The Small-Cap and Country EffectAbstract; A Framework for Regional Economic Performance; The Ranking of the States; Application: The States' GDP Relative Performance; Application: The States' Relative Stock Return Performance and the Size Effect; Investment Implications; Chapter 8: Migration: A Political Problem, an Economic Problem, or Both?; Abstract; Migration: Europe and the Middle East; Where Will the Migrants Go and What Will Be Their Economic Impact on These Economies?; Politics or Economics?; Is Europe Unique or Are These Effects Universal? |
| Summary |
Economic Disturbances and Equilibrium in an Integrated Global Economy: Investment Insights and Policy Analysis helps readers develop a framework for analyzing economic events and make better, more consistent decisions. Victor Canto presents the theoretical building blocks that make up the overall framework, then expands the framework to tackle more complex problems, applying additional considerations to actual policy or investment issues. Drawing upon the most recent trends in monetary policy and international economics, the book offers sustained direct engagement with the main research question and makes innovative use of the simple concepts of supply and demand to illuminate modern finance literature. The book succeeds by highlighting the often-forgotten interconnectedness of different economic processes. How do we respond to a change in policy or an economic shock? Are all the expected changes to the general equilibrium consistent with each other? |
| Bibliography |
Includes bibliographical references and index. |
| Subject |
Economics.
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Economics |
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Économie politique. |
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economics. |
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Economics |
| Added Author |
Wiese, Andy, author.
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| Other Form: |
Print version: 0128139935 9780128139936 (OCoLC)1004363339 |
| ISBN |
9780128139943 (electronic bk.) |
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0128139943 (electronic bk.) |
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