SDF를 찾아서; Hansen and Jagannathan (1991)

Hansen, L.P. and Jagannathan, R., 1991. Implications of security market data for models of dynamic economies. Journal of political economy, 99(2), pp.225-262. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=579768 Implications of Security Market Data for Models of Dynamic Economies We show how to use security market data to restrict the admissible region for means and standard deviations of intertemporal marginal rates of substitution (IMRS's) of consumers. Our approach is (i) nonparametric ...

원문링크 : SDF를 찾아서; Hansen and Jagannathan (1991)