How do Regimes Affect Asset Allocation?
收藏NBER2003-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w10080
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资源简介：
International equity returns are characterized by episodes of high volatility and unusually high correlations coinciding with bear markets. We develop models of asset returns that match these patterns and use them in asset allocation. First, the presence of regimes with different correlations and
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美国国家经济研究局创建时间：
2003-11-01
