Blar i Publikasjoner fra CRIStin - BI på forfatter "Ehling, Paul"
-
Asset Prices and Portfolio Choice With Learning from Experience
Ehling, Paul; Graniero, Alessandro; Heyerdahl-Larsen, Christian (Journal article; Peer reviewed, 2018)We study asset prices and portfolio choice with overlapping generations, where the young disregard history to learn from own experience. Disregarding history implies less precise estimates of output growth, which in ... -
Portfolio Tax Trading with Carryover Losses
Ehling, Paul; Gallmeyer, Michael; Srivastava, Sanjay; Tompaidis, Stathis; Yang, Chunyu (Journal article; Peer reviewed, 2018)We study portfolio choice with multiple stocks and capital gain taxation assuming that capital losses can only offset current or future realized capital gains. We show, through backtesting using empirical distributions, ... -
Risk Aversion Sensitive Real Business Cycles
Zhanhui, Chen; Cooper, Ilan; Ehling, Paul; Xiouros, Costas (Journal article; Peer reviewed, 2020)Technology choice allows for substitution of production across states of nature and depends on state-dependent risk aversion. In equilibrium, endogenous technology choice can counter a persistent negative productivity shock ...