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. The framework is applied to some of the canonical models in macroeconomics and finance.In the consumption-savings model …
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more, generating realistic dynamics. In the consumption-savings model, the consumer decides to pay little or no attention …
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This book examines sustainable wealth formation and dynamic decision-making. The global economy experienced a veritable meltdown of asset markets in the years 2007-9, where many funds were overexposed to risky returns and suffered considerable losses. On the other hand, the long-term upswing in...
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