Actual and Warranted Relations Between Asset Prices
Efficient markets models assert that the price of each asset is equal to the optimal forecast of its ex-post (or fundamental) value, but the models do...
DP 115
Convergence of Recursive Learning Mechanisms to Steady States and Cycles in Stochastic Nonlinear Models
We examine recursive algorithms for learning steady states and cycle in dynamic nonlinear models. Simple generically necessary and sufficient...
DP 113
Venture Capital Finance With Temporary Asymmetric Learning
We analyse the nature of financial contracts in a passive learning environment where the arrival of information is private to the entrepreneur and...
DP 112
National Fiscal Policy within EMU: The Fiscal Implications of Maastricht
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SP 45
The Draft Statute of the European System of Central Banks: A Commentary
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SP 37
