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This paper studies the ability of a general class of habit-based asset pricing models to match the conditional moment restrictions implied by asset pricing theory. We treat the functional form of the habit as unknown, and to estimate it along with the rest of the model's finite dimensional...
Persistent link: https://www.econbiz.de/10012762626
This paper studies the ability of a general class of habit-based asset pricing models to match the conditional moment restrictions implied by asset pricing theory. We treat the functional form of the habit as unknown, and to estimate it along with the rest of the model's finite dimensional...
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, while the number deaths has a positive and significant impact on the market in the long-run. In addition, oil prices and …This study assesses the effect of COVID-19 proxied by the number of confirmed cases of the infection and deaths on …’s stock market (along with oil prices and exchange rate). The results of the various estimations demonstrate that COVID-19 …
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