This risk-return trade-off is so fundamental in financial economics that it could be described as the “first fundamental law of finance.”1 Unfortunately, the trade-off has been hard to find in the data. Previ
risk-return trade-off. The ICAPM risk-return relation has also been tested using several variations of GARCH-in-mean models. However, the evidence from that literature is inconclusive and sometimes conflicting. Using simple GARCH models, we confirm the finding of French et al. (1987...
Other studies, including studies of wheat in India and corn in Africa, also found that there is a threshold above which yields sharply decline: crops can adapt and move, but only to a point. "What's common to all studies is the finding that extreme heat is damaging to crop growth, alth...
The president is signing deals. House lawmakers are attempting to do the same. Aneeta Mathur-Ashton May 13, 2025 Lunch Break: Trump’s Royal Welcome The improvement in inflation comes as President Donald Trump secures a couple of important trade deals. Tim Smart...
The endless river eastward flows; with its huge waves arc gone all those gallant heroes of bygone years. 二人同心,其利断金。 If two people are of the same mind, their sharpness can cut through metal. 富贵不能淫,贫贱不能移,威武不能曲,此之谓大丈夫。 It is a true great man whom no mo...
Hong Kong's Financial Secretary Chan Mao-po said that considering the relationship between supply and demand in the current and past property markets, demand was high in the past, but the current situation is very different. Currently, supply and demand are balanced, and can now trade freely....
It is for China to decide what political and electoral systems will be adopted in Hong Kong after its return. During the formulation of the Basic Law, keeping in mind the national interests and the long-term development of Hong Kong, the Chinese government set as the ultimate goal that the...
Why is there a trade-off between liquidity and the return on money?Question:Why is there a trade-off between liquidity and the return on money?Money:In economics and finance, "money" is the legal paper currency and coins used by the citizens and non-citizens of a nation to m...
On the theoretical literature side, Andrei and Hasler (2015) show that in a pure exchange economy with time-varying attention and a representative investor with recursive preferences, stock-return volatility and risk premia will increase with attention. There is also theoretical literature around ...
Orchard is a solid option if you want to try selling on the open market, but you like the certainty of having a backup cash offer. Its trade-in service lets you borrow the equity in your current home to make a non-contigent offer on a new one, meaning you don't have to wait for...