Who Should Buy Long-Term Bonds?
收藏NBER1998-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w6801
下载链接
链接失效反馈官方服务：
资源简介：
According to conventional wisdom, long-term bonds are appropriate for long-term investors who value stability of income. We develop a model of optimal consumption and portfolio choice for infinitely-lived investors facing stochastic interest rates, solve it using an approximate analytical method,
提供机构：
美国国家经济研究局
创建时间：
1998-11-01
