Log-Linear Relative Asset Demand
收藏NBER2025-10-01 更新2025-10-25 收录
下载链接：
https://www.nber.org/papers/w34395
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资源简介：
This paper studies the theoretical underpinnings of log-linear models of relative asset demand. It shows that log-linearity provides a poor approximation - in both a global and local sense - to asset demand functions implied by standard portfolio optimization theory. Instead, log-linearity is
提供机构：
美国国家经济研究局
创建时间：
2025-10-01
