Description: This book answers fundamental questions that have preoccupied modern economic thought since the 18th century. What is the aggregate real rate of return in the economy? Is it higher than the growth rate of the economy and, if so, by how much? Is there a tendency for returns to fall in the long-run? Which particular assets have the highest long-run returns? We answer these questions on the basis of a new and comprehensive dataset for all major asset classes, including--for the first time--total returns to the largest, but oft ignored, component of household wealth, housing. The annual data on total returns for equity, housing, bonds, and bills cover 16 advanced economies from 1870 to 2015, and our new evidence reveals many new insights and puzzles.
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EAN: 9789563101362
UPC: 9789563101362
ISBN: 9789563101362
MPN: N/A
Book Title: The Rate of Return on Everything, 1870-2015: Stock
Item Length: 27.9 cm
Language: Eng
Publisher: Stanfordpub.Com
Item Height: 280 mm
Subject: Economics
Publication Year: 2019
Number of Pages: 126 Pages
Publication Name: The Rate of Return on Everything, 1870-2015: Stock Market, Gold, Real Estate, Bonds and More...
Item Weight: 308 g
Type: Textbook
Author: Federal Reserve Bank of San Francisco
Item Width: 216 mm
Format: Paperback