Risk premiums in asset prices and returns

We review recent research on time-varying risk premiums, including attempts to explain rejections by baillie and others of the unbiasedness hypothesis. Using spot and forward foreign exchange rates we discuss the evidence for time-varying risk premiums, relate it to general equilibrium theories of asset pricing, and describe the artificial economy methodology.     

RIVERINE CROSSINGS: GENDER,IDENTITY AND THE RECONSTRUCTION OF NATIONAL MYTHIC NARRATIVE IN THE CRYING GAME

The Crying Game's central, tragic theme of warrior/lovers caught between their love for one another and loyalty to their respective factions has significant roots in early Celtic mythology. The elegaic theme of potential lovers forced into ill-fated combat that frames the film's events also, significantly, bears the weight of the film's most unambiguous political commentary, when Fergus speaks directly to the picture of Jody in Dil's apartment, telling him: ‘You should have stayed at home.’ This sad remonstration, which clearly lays responsibility for the chain of causality that has led to so much suffering not with Jody, but with the British state, is similar in quality to Cu Chulainn's lament as he contemplates his meeting with Ferdia. When we listen carefully for ways in which Celtic mythical themes underlie and nuance the film's events, different rhythms emerge, accenting different beats.     

Risk premiums in asset prices and returns

We review recent research on time-varying risk premiums, including attempts to explain rejections by baillie and others of the unbiasedness hypothesis. Using spot and forward foreign exchange rates we discuss the evidence for time-varying risk premiums, relate it to general equilibrium theories of asset pricing, and describe the artificial economy methodology.