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On Stiffness in Affine Asset Pricing Models

On Stiffness in Affine Asset Pricing Models. By Shirley J. Huang and Jun Yu University of Auckland & Singapore Management University. Outline of Talk. Motivation and literature Stiffness in asset pricing Simulation results Conclusions. Motivation and Literature. Preamble:

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560 views • 39 slides

Choosing the Subscribers

by F. Gaspart (ECRU/UCL) and B. Verheyden (CEPS-INSTEAD)?. Choosing the Subscribers. Motivations (1). How do young institutions start ? No State => local provision of public goods No enforcement => non-cooperative framework

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236 views • 17 slides

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On Stiffness in Affine Asset Pricing Models

Choosing the Subscribers