Estimating the expected marginal rate of substitution: A systematic exploitation of idiosyncratic risk

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This work aims to establish if the unemployment rate in Colombia is determined by expected inflation and the rate of economic growth, between 2001 and 2009, assuming that economic agents have adaptive expectations, in order to determine if there is a con... ver más

Revista: Revista Finanzas y PolÍtica Económica

The historically realised equity risk premium as a guide to future expectations in an emerging market: The case of South Africa

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Jesse de Beer

AbstractThe concept of an equity risk premium (ERP) is fundamental to modern financial theory and central to every decision at the heart of corporate finance. Efforts to quantify ERP are well rewarded by insights into the stability and dynamics of long-t... ver más

Revista: Journal of Economic and Financial Sciences (JEF)

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Ney Roberto Ottoni de Brito,Alexandre Bona,Affonso Tarciro, Jr. Pág. pp. 119 - 136

Active funds are typically managed by placing bets against a well defined passive bench-mark. In this context, when examining the launching of a new actively managed fund with a target expected excess rate of return relative to the benchmark equal to µ, ... ver más

Revista: Revista Brasileira de Finanças

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