Guo, Hui; Savickas, Robert - Federal Reserve Bank of St. Louis - 2003
plots monthly EWIV (dashed line) and VWIV (solid line), with the shaded areas
indicating business recessions dated by the … during business
recessions.
10
EWIV is also much higher than VWIV. Figure 2 shows that quarterly EWIV
(dashed line) and VWIV … and
Expected Returns, Working Paper, Columbia Business School.
Bernanke, B., and M. Gertler, 1989, Agency Costs, Net Worth …