Stochastic Discount Factor Bounds with Conditioning Information
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Hansen and Jagannathan (HJ, 1991) describe restrictions on the volatility of stochastic discount factors (SDFs) that price a given set of asset returns. This paper compares the sampling properties of different versions of HJ bounds that use conditioning information in the form of a given set of
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美国国家经济研究局创建时间：
2002-02-01
