Browsing FGV EPGE - Teses, Doutorado em Economia by Subject "Investimentos"
Now showing items 1-3 of 3
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A roughly smooth optimal consumption path: smoothing the rough annuity puzzle
2012-08-22This thesis extend the theoretical dominance of annuities over non-contingent discount notes; under standard assumptions, we show that full annuitization is optimal even in incomplete annuity markets. Through numerical ... -
Stock lending market, short-selling restrictions, and the cross-section of returns
2017Essa tese é composta por três capítulos. O primeiro capítulo é dedicado a estudar o impacto causal de restrições de venda a descoberto sobre retorno de ações. A base de dados utilizada neste trabalho possui todas as ... -
Three essays on macro-finance: robustness and portfolio theory
2017-07-28This doctoral thesis is composed of three chapters related to portfolio theory and model uncertainty. The first paper investigates how ambiguity averse agents explain the equity premium puzzle for a large group of countries ...




