Real and Private-Value Assets / William N. Goetzmann, Christophe Spaenjers, Stijn Van Nieuwerburgh.

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Goetzmann, William N

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Material type: Text

TextSeries: Working Paper Series (National Bureau of Economic Research) ; no. w28580.Publication details: Cambridge, Mass. National Bureau of Economic Research 2021.Description: 1 online resource: illustrations (black and white)Subject(s):

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Abstract: 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.

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Item type	Home library	Collection	Call number	Status	Date due	Barcode	Item holds
Working Paper	Biblioteca Digital	Colección NBER	nber w28698 (Browse shelf(Opens below))	Not For Loan

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March 2021.

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.