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Is there still an unemployment and inflation trade-off?

✍ Scribed by Kingsley Nwala


Publisher
Springer US
Year
2003
Tongue
English
Weight
98 KB
Volume
9
Category
Article
ISSN
1083-0898

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## Abstract This paper examines the intertemporal relation between risk and return for the aggregate stock market using high‐frequency data. We use daily realized, GARCH, implied, and range‐based volatility estimators to determine the existence and significance of a risk–return trade‐off for severa