Portfolio Rebalancing in General Equilibrium
收藏NBER2018-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w24722
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资源简介：
This paper develops an overlapping generations model of optimal rebalancing where agents differ in age and risk tolerance. Equilibrium rebalancing is driven by a leverage effect that influences levered and unlevered agents in opposite directions, an aggregate risk tolerance effect that depends on
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美国国家经济研究局创建时间：
2018-06-01
