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Asset Pricing in a Production Economy with Chew–Dekel Preferences
(Université de Montréal. Département de sciences économiques., 2009-05)
In this paper we provide a thorough characterization of the asset returns implied
by a simple general equilibrium production economy with Chew–Dekel risk preferences and convex capital adjustment costs. When households ...
The Economic Effects of Improving Investor Rights in Portugal
(Université de Montréal. Département de sciences économiques., 2009-02)
The Portuguese economy has performed remarkably well since joining the EU in 1986. Output per worker grew at an annual rate of 2.25%. The relative price of investment has declined. Real investment has increased compared ...