Correlations

Correlations of equity returns have varied substantially over time and remain a source of continuing policy debate. This paper studies stock market correlations in an equilibrium model with heterogeneous risk aversion. In the model, preference heterogeneity causes variations in the volatility of agg...

Ausführliche Beschreibung

Bibliographische Detailangaben

Hauptverfasser:	Ehling, Paul, Heyerdahl-Larsen, Christian
Format:	Artikel
Sprache:	eng
Online-Zugang:	Volltext bestellen
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