Introduction: Asset Allocation: Indexing, Smart Beta, and ValueTiming
According to a common saying originated with a Chinese proverb, the journey of a thousand miles begins with a single step. We have taken many steps in our quest to develop a framework broad enough to analyze the effects of global shocks to the global economy, as well as on the equilibrium relationships among the different nations of the world. With every additional step we get a bit closer to our goal. This is one more step on that quest. Our goal is to combine the best of the developments in finance literature with a general equilibrium macroeconomic framework into what we have called a ValueTiming strategy.
It has been our experience that, in general, many people trained in ...
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