Investing for the Short and the Long Term
Published Date
Copyright 1983
ISBN 0226062813
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Copy CitationStanley Fischer, Financial Aspects of the United States Pension System (University of Chicago Press, 1983), chap. 6, https://www.nber.org/books-and-chapters/financial-aspects-united-states-pension-system/investing-short-and-long-term.
Published From Paper
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Working Paper
If asset returns have different dynamics, then their short and long run risk characteristics differ. For instance, if...