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In this paper, we introduce a new approach for volatility modeling in discrete and continuous time.
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I present evidence that higher frequency measures of inflation expectations outperform lower frequency measures of … inflation expectations in tests of accuracy, predictive power, and rationality. For decades, the academic literature has focused … collection of 37 different measures of inflation expectations, including many previously unexploited monthly and real …
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possibilities are given in a stochastic sense and based on revisable expectations. The theory predicts experimental preference …
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