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Long run returns predictability and volatility with moving averages

Chang, Chia-Lin; Ilomäki, Jukka; Laurila, Hannu; … - In: Risks : open access journal 6 (2018) 4, pp. 1-18

strategies, affects financial performance when risk is measured. We use the MA rule for market timing, that is, for when to buy … stocks and when to shift to the risk-free rate. The important issue regarding the predictability of returns is assessed. It …

Persistent link: https://www.econbiz.de/10011906234

Leaning against the bubble : Central Bank intervention in Walrasian asset markets

Chang, Chia-ling; Ilomäki, Jukka; Laurila, Hannu - In: Risks : open access journal 9 (2021) 12, pp. 1-12

, and noise traders. The rational investors maximize second period consumption utility from the payoffs of trading risk …. Finally, the introduction of the policy rule does not affect rational investors' risk per share. A general conclusion is that …

Persistent link: https://www.econbiz.de/10012705091

Money as insurance

Laurila, Hannu - In: Risks : open access journal 10 (2022) 12, pp. 1-13

Liquid money controlled by a trustworthy central bank can serve as an insurance against external surprises such as stock market crashes, bank fails and other setbacks that endanger the yield of illiquid savings. In turbulent times, the insurance property of money is particularly accentuated. The...

Persistent link: https://www.econbiz.de/10014230960