Hedging Macroeconomic and Financial Uncertainty and Volatility
收藏NBER2019-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w26323
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资源简介：
We study the pricing of uncertainty shocks using a wide-ranging set of options that reveal premia for macroeconomic risks. Portfolios hedging macro uncertainty have historically earned zero or even significantly positive returns, while those exposed to the realization of large shocks have earned
提供机构：
美国国家经济研究局
创建时间：
2019-09-01
