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Optimal closing of a pair trade with a model containing jumps
short position investment strategy financial industry
2010/4/28
A pair trade is a portfolio consisting of a long position in one asset and a short position in another, and it is a widely applied investment strategy in the financial industry. Recently, Ekstr\"om, L...
Implementability of the Non-Ricardian Optimal Fiscal Policy
Fiscal Theory of the Price level Ramsey Equilibrium Nash Equilibrium
2009/5/6
Dealing with out-of-equilibrium behaviors of economic agents is necessary to fill in the gaps in the controversy surrounding the admissibility of the fiscal theory of the price level (FTPL). Incorpor...
Optimal Indirect and Capital Taxation。