About this document
Risk-Return Trade-Off Dynamics by manupati.kalyani is a document available to read on EtoBox.
The paper discusses the term structure of the risk-return trade-off, highlighting that expected excess returns on bonds and stocks, as well as real interest rates, shift over time in predictable ways. It proposes a simple empirical model to capture these dynamics and explores their implications for asset allocation across different investment horizons. The findings suggest that asset return predictability significantly affects the variance and correlation of returns, emphasizing the importance of considerin
- Author
- manupati.kalyani
- Language
- EN