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This text explores the current state of the art in quantitative investment management across seven key areas. Chapters … by academics and practitioners working in leading investment management organizations bring together major theoretical …
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Wealth is distributed more unevenly than income, and one contributing factor might be that richer households earn … higher portfolio returns. I uncover one channel that causes portfolio returns to be increasing in wealth: Poorer households … engage in such cyclical trading patterns. I estimate the trading patterns for households across wealth levels, in the US …
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We document the empirical fact that asset prices in the consumption-goods and investment-goods sector behave almost …
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We document the empirical fact that asset prices in the consumption-goods and investment-goods sector behave almost …
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