Long-Run Risk is the Worst-Case Scenario
收藏NBER2016-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w22416
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资源简介：
We study an investor who is unsure of the dynamics of the economy. Not only are parameters unknown, but the investor does not even know what order model to estimate. She estimates her consumption process nonparametrically allowing potentially infinite-order dynamics and prices assets using a
提供机构：
美国国家经济研究局
创建时间：
2016-07-01
