Greenspan: Macro Models Require Portfolio Info For Crisis Prediction


WASHINGTON, D.C.--In an effort to improve the accuracy of asset pricing--determined by discounted future cash flows--Federal Reserve Chairman Allen Greenspan recently called on industry experts to integrate the corporate risk aversion level typically limited to portfolio management into macro models. The reason for this analysis is that according to Greenspan, each market crisis, which have been largely undetected by most macro models, was generated by unexpectedly high levels of risk concer

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: