Showing 1 - 10 of 11
"This paper studies strategic asset allocation and consumption choice in the presence of regime switching in asset … the longer their investment horizon, while the optimal allocation to stocks declines as a function of the investment … returns from the dividend yield give rise to a non-monotonic relationship between the investment horizon and the demand for …
Persistent link: https://www.econbiz.de/10002917579
Persistent link: https://www.econbiz.de/10003507821
Persistent link: https://www.econbiz.de/10002496910
Persistent link: https://www.econbiz.de/10001979830
Persistent link: https://www.econbiz.de/10001987095
"This paper summarizes recent developments in the theory and practice of monetary policy in a closed economy and explains what these developments mean for U.S. dollar policy. There is no conflict between what is appropriate U.S. monetary policy at home or abroad because the dollar is the world's...
Persistent link: https://www.econbiz.de/10003139110
Persistent link: https://www.econbiz.de/10001919471
Persistent link: https://www.econbiz.de/10001974169
Persistent link: https://www.econbiz.de/10001974266
Persistent link: https://www.econbiz.de/10001978121