Kimura, Takeshi; Small, David H. - 2004
, portfolio-rebalancing effect, quantitative
monetary easing, risk premium, zero interest-rate bound.
We are grateful for helpful … their holdings of pro-cyclical assets. In
this process, the risk premium in interest rates of counter-cyclical assets … risk premium of risk asset
prices will be decreased. (Oda and Okina, 2001, p. 335)
In relation to the theory of portfolio …