Article history: Accepted 25 February 2013 JEL classification: G12 G14 E43

Article history: Accepted 20 November 2013 Available online xxxx JEL classification: G12 G14

This introduces the symposium on financial economics. JEL Classification Codes: G01, G02, G11, G12, G18, G21, G23, G28

Article history: Received 27 February 2009 Received in revised form 22 May 2009 Accepted 29 August 2009 Available online 12 September 2009 JEL classification: G12

We combine general equilibrium theory and théorie générale of stochastic processes to derive structural results about equilibrium state prices. JEL Classification: D51, D91, G10, G12

Article history: Received 14 July 2014 Received in revised form 26 May 2016 Available online 15 June 2016 JEL classification: D91 E21 G12 J24

We prove that in smooth Markovian continuous–time economies with potentially complete asset markets, Radner equilibria with endogenously complete markets exist. JEL subject classification: D52, D53, G12 2010 Mathematics Subject Classification: 91B50, 91G80

This paper introduces a set of axioms that define convex risk measures. Duality theory provides the representation theorem for these measures and the link with pricing rules. 2002 Published by Elsevier Science B.V. JEL classification: G11; G12; G13

We examine the dynamic effects of TFP news shocks in context frictions financial markets. document two new facts. First, a shock to future generates significant decline credit spread indicators along with robust improvement supply indicators. Second, we establish tight link between and that explain majority un-forecastable movements A DSGE model enriched sector Gertler-Kiyotaki-Karadi type very...

We consider optimal government debt maturity in a deterministic economy which the can issue any arbitrary structure and bond prices are function of government’s current future primary surpluses. The sequentially chooses policy, taking into account how choices—which impact policy—feed back prices. show that issuing consols constitutes unique stationary portfolio, as it boosts credibility to poli...