Asset Prices, Booms and Recessions

Introduction.- Money, Bonds and Economic Activity: Money, Bonds and Interest Rates.- Term Structure of Interest Rates.- The Credit Market and Economic Activity: Theories on Credit Market, Credit Risk and Economic Activity.- Empirical Tests on Credit Market and Economic Activity.- The Stock Market and Economic Activity: Approaches to Stock Market and Economic Activity.- Macro Factors and the Stock Market.- New Technology and the Stock Market.- Asset Pricing and Economic Activity: Static Portfolio Theory: CAPM and Extentsions.- Consumption Based Asset Pricing Models.- Asset Pricing Models with Production.- Foreign Exchange Market, Financial Instability and Economic Activity: Balance Sheets and Financial Instability.- Exchange Rate Shocks, Financial Crisis and Output Loss.- International Portfolio and the Diversification of Risk.-Advanced Modeling of Asset Markets: Agent Based and Evolutionary Modeling of Asset Markets.- Behavioral Models of Dynamic Asset Pricing.- Dynamic Portfolio Choice Models.- Dynamic Portfolio Choice Models: Empirics.- Asset Prices, Leveraging and Boom-Bust Cycles: Some Empirics on Asset Prices, Leveraging and Credit Crisis.- Credit, Credit Derivatives, and Credit Default.- The Mechanism of Recent Boom-Bust Cycles: Credit, Complex Securities, and Asset Prices.- Financial Instability, Financial Culture and Financial Reform.- Exercises and Appendices.