TY  - BOOK
AU  - Goetzmann,William N.
AU  - Spaenjers,Christophe
AU  - Van Nieuwerburgh,Stijn
ED  - National Bureau of Economic Research.
TI  - Real and Private-Value Assets
T2  - NBER working paper series
PY  - 2021///
CY  - Cambridge, Mass.
PB  - National Bureau of Economic Research
N1  - March 2021; Hardcopy version available to institutional subscribers
N2  - 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
UR  - https://www.nber.org/papers/w28580
UR  - http://dx.doi.org/10.3386/w28580
ER  -