Optimal Value and Growth Tilts in Long-Horizon Portfolios
收藏NBER2006-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w12017
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资源简介：
We develop an analytical solution to the dynamic portfolio choice problem of an investor with power utility defined over wealth at a finite horizon who faces an investment opportunity set with time-varying risk premia, real interest rates and inflation. The variation in investment opportunities is
提供机构：
美国国家经济研究局
创建时间：
2006-02-01
