Consumption and Portfolio Decisions when Expected Returns are Time Varying
- 1 May 1999
- journal article
- Published by Oxford University Press (OUP) in The Quarterly Journal of Economics
- Vol. 114 (2) , 433-495
- https://doi.org/10.1162/003355399556043
Abstract
This paper presents an approximate analytical solution to the optimal consumption and portfolio choice problem of an infinitely lived investor with EKeywords
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