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Real and Private-Value Assets / William N. Goetzmann, Christophe Spaenjers, Stijn Van Nieuwerburgh.
- Format:
- Book
- Author/Creator:
- Goetzmann, William N.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w28580.
- NBER working paper series no. w28580
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2021.
- Summary:
- Real and private-value assets--defined here as the sum of real estate, infrastructure, collectibles, and non-corporate business equity--is an investment class worth an estimated $85 trillion in the U.S. alone. Furthermore, private values can affect pricing in many other financial markets, such as that for sustainable investments. This paper introduces the research on real assets and private values that can be found in this special issue. It also reviews recent advances--and suggests new research directions--on a number of topics in the real assets space that we believe to be particularly important and exciting.
- Notes:
- Print version record
- March 2021.
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