Suchergebnisse

Interest rate measurement -- Valuation of annuities -- Loan repayment -- Bond valuation -- Measuring the rate of return of an investment -- The term structure of interest rates -- Cashflow duration and immunization -- Additional topics in finance and investment -- Forwards, futures, swaps, and options -- Answers to selected exercises -- Bibliography -- Index

Economic growth, low inflation, and financial stability are among the most important goals of policy makers, and central banks such as the Federal Reserve are key institutions for achieving these goals. In Asset Prices and Monetary Policy, leading scholars and practitioners probe the interaction of central banks, asset markets, and the general economy to forge a new understanding of the challenges facing policy makers as they manage an increasingly complex economic system. The contributors examine how central bankers determine their policy prescriptions with reference to the fluctuating housing market, the balance of debt and credit, changing beliefs of investors, the level of commodity prices, and other factors. At a time when the public has never been more involved in stocks, retirement funds, and real estate investment, this insightful book will be useful to all those concerned with the current state of the economy.

"The subject matter that modern economics students are expected to master makes significant mathematical demands. This is true even of the less technical "applied" literature that students will be expected to read for courses in fields such as public finance, industrial organization, and labour economics, amongst several others. Indeed, the most relevant literature typically presumes familiarity with several important mathematical tools, especially calculus for functions of one and several variables, as well as a basic understanding of multivariable optimization problems with or without constraints. Linear algebra is also used to some extent in economic theory, and a great deal more in econometrics."

In this study, 244 children (average age: 61 months) and their parents from the Dallas and Fort Worth metroplex area in Texas were surveyed to investigate children's proficiency in mathematics content on numbering, sizes, comparisons, and shapes. The researchers investigated children's proficiency in mathematics associated with children's gender, ethnic background, and prekindergarten experience. Major findings of this study were as follows: (a) no gender differences were found in mathematics proficiency in all content areas; (b) among four major ethnic groups of children, White children showed higher proficiency in all mathematics content areas than other racial/ethnic groups including African American, Hispanic, and Asian children; (c) children without prekindergarten experiences outperformed children who had prekindergarten experiences in all mathematics content areas except "numbering." No significant mean differences were found in "numbering" between these two groups.