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9 Jul 2023: 1994; Mathematics for economists. New York: Norton. Stock, J. and Watson, M.

9 Jul 2023: Stock, J. and M. Watson (2012). Disentangling the Channels of the 2007-2009 Recession. ... Finance Research Letters 22, 249–258. 21. Notes. 1. See, among others, Stock and Watson (2012), Bachmann et al.

9 Jul 2023: Wealthierpeople save, or invest in the financial sector.71 Before the Wall Street Crash,more and more affluent Americans invested in the stock market for retirementand, said Keynes, the ‘mass psychology ... the Commonwealth there wasno stock market or

9 Jul 2023: But capital intensity, crudely measured, has probably risen since 2007 relative to the pre‐crisis trend. The  capital  stock  grew  more  slowly  than  before, but  there  was  a  larger  shortfall  ... Allowance  for  the 

9 Jul 2023: 44 . Possible structural causes of productivity impairment . 44 The contraction of high‐productivity sectors . 44 Weaker capital stock growth . 49 Loss of labour skills . 51 Less innovation . 53 .

9 Jul 2023: premium – a measure of risk aversion – has predictive power for future stock returns. ... stock market returns, where higher tail risk predicts higher stock returns at horizons.