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. CAPM, Mean-Variance Portfolio Optimization, Constrained Optimization, Fama-French, Value-Size Portfolios, Dynamical …
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certain industry. Modeling outcome also suggests that a long-run economic growth requires direct investment of internal … savings into appropriate investment vehicles with exclusion from savings-investment chain the interest-rate-bearing bank …
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We implement a long-horizon static and dynamic portfolio allocation involving a risk-free and a risky asset. This model is calibrated at a quarterly frequency for ten European countries. We also use maximum-likelihood estimates and Bayesian estimates to account for parameter uncertainty. We find...
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