200908Mysterious ProfitBurnsideA. Craig August 2009 |
Mysterious Profit200908BurnsideA. Craig Mysterious Profit
The carry trade is an enigma in the financial world. When experts attempt to explain its continued profitability using traditional risk factors such as consumption growth, stock market returns, and other more complex predictors, they fail miserably. Sergio Rebelo and his colleagues discovered a tantalizing new way to minimize the risk posed by the unpredictable. |
BurnsideA. Craig200908Mysterious Profit A. Craig Burnside
Martin Eichenbaum Isaac Kleshchelski Sergio Rebelo |
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