Linearity-Generating Processes: A Modelling Tool Yielding Closed Forms for Asset Prices
收藏NBER2007-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w13430
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资源简介：
This methodological paper presents a class of stochastic processes with appealing properties for theoretical or empirical work in finance and macroeconomics, the "linearity-generating" class. Its key property is that it yields simple exact closed-form expressions for stocks and bonds, with an
提供机构：
美国国家经济研究局
创建时间：
2007-09-01
