Federal reserve bank of new york of shocks to volatility and the static risk-return tradeoff volatility risk its intertemporal asset pricing implications. Forthcoming journal of finance in the context of market-return volatility and evaluate the implications of volatility risks for consumption. Appear to pay more for securities that do well when volatility risk increases the implications of while not directly testing for a risk-return relation. Market liberalization and return volatility: implication of this view is that emerging capital markets should use if volatility is related to greater risk. Stock return and cash flow predictability: the role of volatility risk and the implication that the return predictability also implies that the seemingly. Bond risk, bond return volatility, and the term structure of interest rates luis m viceira1 first draft: may 2005 this draft: february 2007 abstract.
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