Showing 1 - 3 of 3
Persistent link: https://www.econbiz.de/10003828421
The Euler equations derived from a broad range of intertemporal asset pricing models, together with the first two unconditional moments of asset returns, imply a lower bound on the volatility of the intertemporal marginal rate of substitution. We develop and implement statistical tests of these...
Persistent link: https://www.econbiz.de/10012776681
The Euler equations derived from a broad range of intertemporal asset pricing models, together with the first two unconditional moments of asset returns, imply a lower bound on the volatility of the intertemporal marginal rate of substitution. We develop and implement statistical tests of these...
Persistent link: https://www.econbiz.de/10012474862