Investing for the Short and the Long Term

Stanley Fischer
Published Date
Copyright 1983
ISBN 0-226-06281-3
Financial Aspects of the United States Pension System
Book: Financial Aspects of the United States Pension System
Book editors: Zvi Bodie & John B. Shoven
PUBLISHER: University of Chicago Press
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Investing for the Short and the Long Term
- Working Paper
If asset returns have different dynamics, then their short and long run risk characteristics differ. For instance, if...

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