Business Cycles and Equilibrium
BUSINESS CYCLES and EQUILIBRIUM Throughout his career, Fischer Black described a view of business fluctuations based on the idea that a well-developed economy will be continually in equilibrium. In the essays that constitute this book, which is one of only two books Black ever wrote, he explores this idea thoroughly and reaches some surprising conclusions. With the newfound popularity of quantitative finance and risk management, the work of Fischer Black has garnered much attention. Even today, Black's Business Cycles and Equilibrium-which lays out his theory that economic and financial markets are in a continual equilibrium-still challenges…
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Produktdetails
Weitere Autoren: Mehrling, Perry (Vorb.)
- ISBN: 978-0-470-54325-2
- EAN: 9780470543252
- Produktnummer: 13887943
- Verlag: Wiley
- Sprache: Englisch
- Erscheinungsjahr: 2009
- Seitenangabe: 224 S.
- Plattform: PDF
- Masse: 1'114 KB
Über den Autor
FISCHER BLACK is regarded as one of the great innovators of modern finance theory. He is most famous for cofounding the legendary Black-Scholes equation, although he contributed much more to finance in the areas of portfolio insurance, commodity futures pricing, bond swaps, interest rate futures, and global asset allocation models. Black worked at the University of Chicago and the MIT Sloan School of Management, as well as Goldman Sachs. He received his PhD in applied mathematics from Harvard University. Black died in 1995, two years before the Nobel Prize was awarded to Myron Scholes and Robert C. Merton for their work on option pricing. Since the Nobel Prize is not given posthumously, Black was given a prominent mention for the key role he played in developing the equation.
3 weitere Werke von Fischer Black:
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