Journal Article
Asset Pricing Through the Lens of the Hansen-Jagannathan Bound
Abstract: Stochastic discount factor (SDF) models are the dominant framework for modern asset pricing. The Hansen-Jagannathan bound is a characterization of the admissible set of SDFs, given a vector of asset returns.
JEL Classification: G1; C15; E44;
https://doi.org/10.20955/r.102.255-69
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Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Part of Series: Review
Publication Date: 2020-07
Volume: 102
Issue: 3
Pages: 255-269