We examine common asset allocation strategies for retirement investing, considering both static and dynamic approaches, as well as those allocation policies used by leading target-date fund providers. We studied the average performance of each strategy over historical rolling periods (that is,...

The global move towards choice is founded on the traditional economic assumption that well informed economic agents act rationally to maximise their self-interests. Investment choice enables superannuation fund members to select their optimal investment portfolio that matches their risk and...

This thesis explores the economic issues associated with the payout phase where a defined contribution (DC) retirement arrangement is adopted. In particular, the role of annuities in providing a retirement income is examined as well as insurance they provide against retirement risks such as...

Typescript (photocopy).

During the last half of the 1990s, real gross domestic investment rose as a fraction of real GDP. This resulted from the rise in U.S. productivity and the related rise in the real yield on U.S. assets. This drew additional private capital from abroad. If the twin deficits theory is correct, it...

During the last half of the 1990s, real gross domestic investment rose as a fraction of real GDP. This resulted from the rise in U.S. productivity and the related rise in the real yield on U.S. assets. This drew additional private capital from abroad. If the twin deficits theory is correct, it...

When the U.S. runs a trade deficit with the Chinese, this requires a capital inflow from China to the United States. This, in turn, lowers U.S. interest rates and increases U.S. investment spending. On the negative side, lower priced goods from China may hurt U.S. industries that compete with...

The objective of this article is to demonstrate the application of statistical process control (SPC) techniques to analyzing U.S. trade data including exports, imports and the overall balance of trade as supplements to existing methods. The major benefit of using these techniques would be to...

As long as the U.S. continues to have huge trade deficits, the American jobs would continue to be off-shored and no net new jobs can be created. Spending billions of American stimulus dollars would end up stimulating foreign economies. It would be like taking wealth from the American workers and...

In this thesis I examine, within a behavioural finance framework, the impacton stock prices of order and trade imbalance in three separate but related studies.The first study, chapter two, begins with a question that plagues behavioural financetheories?do the investors most likely to be...