Showing 1 - 10 of 22
Persistent link: https://www.econbiz.de/10010195557
Persistent link: https://www.econbiz.de/10009697906
Persistent link: https://www.econbiz.de/10009713937
Existing literature continues to be unable to offer a convincing explanation for the volatility of the stochastic discount factor in real world data. Our work provides such an explanation. We do not rely on frictions, market in completeness or transactions costs of any kind. Instead, we modify a...
Persistent link: https://www.econbiz.de/10013096129
Persistent link: https://www.econbiz.de/10011850351
Existing literature continues to be unable to offer a convincing explanation for the volatility of the stochastic discount factor in real world data. Our work provides such an explanation. We do not rely on frictions, market in completeness or transactions costs of any kind. Instead, we modify a...
Persistent link: https://www.econbiz.de/10012460013
Persistent link: https://www.econbiz.de/10011686240
Persistent link: https://www.econbiz.de/10003372670
Persistent link: https://www.econbiz.de/10003686521
Persistent link: https://www.econbiz.de/10003537238