منابع مشابه
Investigating the Role of real Money Balances in Households' Preferences function in the Framework of the Assets Pricing Models (M-CCAPM): Case study of Iran
In this paper, we try to develop and modify the basic model of the consumption-based capital asset pricing model by adding the growth in real money balances rate as a risk factor in the household's utility function as (M-CCAPM). For this purpose, two forms of utility function with constant relative risk aversion (CRRA) preferences and recursive preferences have been used such that M1 and M2 are...
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Can consumption growth risk (or consumption beta) serve a better measure of risk than market beta? This paper answers this question by testing and comparing the performance of the traditional Capital Asset Pricing Model (CAPM) and consumption-based CAPM (CCAPM) across seven financial market sub-sectors in the emerging Taiwan stock market. The empirical performance of the CAPM is encouraging. Th...
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متن کاملScheduling Hemodialysis Patients with Patient Preferences
Nowadays, outpatient providers are struggling to reduce the current costs and improve the service quality. A part of the outpatient service provider is a hemodialysis department with expensive supplies and equipment. Therefore, in the present paper, the scheduling of hemodialysis patients with their preferences has been studied. The aim of scheduling hemodialysis patients in this study is to mi...
متن کاملMoney Market Rates And Implied CCAPM Rates: Some International Evidence∗
New Neoclassical Synthesis models equate the instrument of monetary policy to the implied CCAPM rate arising from a standard model with power utility. This paper identifies monetary policy shocks using a multi country dataset and examines the movement of money market and implied CCAPM rates. We find that an increase in the nominal interest rate leads to a fall in the implied CCAPM rate. Incorpo...
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ژورنال
عنوان ژورنال: International Journal of Business and Management
سال: 2017
ISSN: 1833-8119,1833-3850
DOI: 10.5539/ijbm.v12n2p199