Discount Rates

Author: John Cochrane
Type: Essay, Survey Article
Level: Advanced Undergraduate (Fin), MSc(Econ, Fin, Math. Fin), Ph.D.(Econ, Fin)

In this survey article (AFA Presidential Address) John Cochrane surveys stylized facts, theories and applications related to discount rate variation, return predictability and other topics from Financial Economics. He discusses how discount rate variation affects portfolio theory, cost of capital, capital structure and macroeconomics.

You can download John Cochrane's "Discount Rates" using the following link

Financial Markets and the Real Economy

Author: John Cochrane
Type: Survey Article, Chapter (Handbook)
Level: Advanced MBA, MSc(Econ, Fin), PhD(Econ, Fin)

This is a complete survey article (handbook chapter) on the link between Macroeconomics and Finance. John Cochrane presents an up-to-date review of consumption based asset pricing and deals with many related topics.

You can download John Cochrane's "Financial Markets and the Real Economy" using the following link