Asset Pricing in the International Economy /
This paper presents a statistical and economic interpretation of the low and often economically implausible risk aversion estimates obtained for fixed income assets throughout the finance literature. For a statistical interpretation, Monte Carlo simulations are used to demonstrate that specification...
| Autor principal: | |
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| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
1993.
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| Colecção: | IMF Working Papers; Working Paper ;
No. 1993/015 |
| Acesso em linha: | Full text available on IMF |