本稿では、米国債のリスクプレミアムの予測可能性について、従来の平均回帰分析ではなく、分位点回帰を用いた新たな検証を行っています。結果は、中央分位点においてはイールドカーブの情報のみで将来の債券リターンを予測可能である一方、テール分位点においてはトレンドインフレーションやトレンドインデットホールディングといったマクロ経済変数が予測力を持ち、イールドカーブの情報だけでは不十分であることを示唆しています。
The core message of this article is to study financial markets with concave transaction costs, where the transaction costs depend in a concave way on the volume of the transaction. This is a typical situation for small investors in currency and real estate markets.
The upcoming Tomarket airdrop and listing present opportunities for users to participate in the platform's diverse asset trading, including points, real-world assets, pre-market tokens, and crypto/bond yields, with the potential for price surges and enhanced liquidity.
부자들은 망설임 없이 행동하고, 새로운 경험과 지식에 집착하며, 자신의 삶을 기록하는 습관을 가지고 있다.
The evolution of money, from barter to fiat currency, has significantly influenced the author's approach to personal finance, leading them to prioritize tangible assets over traditional fiat currencies.
1,000ドルの投資を100,000ドルに増やすための高リスク・高収益投資戦略
기업 부채 관리는 단순히 재무적 측면뿐만 아니라 구성원의 심리적 웰빙에도 큰 영향을 미친다.
借金は単なる金銭的問題だけではなく、個人の精神的健康にも大きな影響を及ぼす。
Excessive debt can have significant negative psychological impacts on individuals and organizations, highlighting the importance of avoiding debt accumulation altogether.
부채에 대한 부담을 인식하고 이를 해결하여 재정적 자유를 달성하는 방법