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6ð?@?Uiâc ,UL?L4ðU@ SDc 2ô•íeDë
dDeo `iðc 5ëE•bbSäc RW?|h@í?@|ðL?@* ñihtýt W?|ih?@|ðL?@* Ah@_iG OLê 5|ýMMLh? @hi
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ôb
dKA
.,,
,.,."'"',.,.,."'"',.
intertemporal allocation
(eqn. 40)
.,, .,, "'(KA 1
A~.,"'
.,, .,,
.,,
dr-dr*
portfolio allocation
(eqn. 41)
Figure 1
@FedFRASER