Macroeconomic Volatilities and Long-Run Risks of Asset Prices.
Guofu ZhouYingzi ZhuPublished in: Manag. Sci. (2015)
Keyphrases
- long run
- exchange rate
- short run
- financial markets
- monetary policy
- stock price
- stock market
- expected cost
- infinite horizon
- optimal policy
- risk management
- heavy traffic
- queueing networks
- decision making
- average cost
- financial data
- average reward
- machine learning
- control policy
- single item
- transaction costs
- special case
- driving forces