The Tactical and Strategic Value of Commodity Futures
收藏NBER2005-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w11222
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资源简介：
Historically, commodity futures have had excess returns similar to those of equities. But what should we expect in the future? The usual risk factors are unable to explain the time-series variation in excess returns. In addition, our evidence suggests that commodity futures are an inconsistent, if
提供机构：
美国国家经济研究局
创建时间：
2005-03-01
