Incorporating the Learning Effects in Hedging the Inflation Risks for Long-Term Fund Management
碩士 === 國立政治大學 === 風險管理與保險研究所 === 93 === This paper examines the optimal portfolio selection for a long-term investor. In order to consider the uncertainty of inflation rate, we extend the work in Brennan and Xia (2002) and use the consumer price index (CPI) to estimate and update the inflation rate...
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| Format: | Others |
| Language: | en_US |
| Online Access: | http://ndltd.ncl.edu.tw/handle/94461406214779990510 |