Optimal multi-horizon portfolios with forward-looking expectations and loss aversion: an application to sovereign wealth funds
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by Khalid Alsweilem, Mark Kritzman, and Malan Rietveld | Sovereign Wealth Funds
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by Khalid Alsweilem, Mark Kritzman, and Malan Rietveld | Sovereign Wealth Funds
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In a new paper, How Much Can Collective Defined Contribution Plans Improve Risk-Sharing?, GCFP Director [...]
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As the keynote speaker at a recent conference of the International Consortium on Government Financial Management held in Washington DC, I had the opportunity to discuss with representatives from over 40 countries one of the primary challenges facing governments around the world – citizen engagement.
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The GCFP invites guest blog submissions to encourage discussion of important financial policy issues. This first guest posting, by Bob Pozen, proposes a “Third Type of Retirement Plan” that would address some of the stresses in public sector defined benefit pension plans while preserving much of the...
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Greece recently failed to pay $1.7 billion due to the IMF, thereby becoming the first developed country to default on an IMF loan. That missed payment represents only a portion of the approximately $23 billion in IMF credit outstanding to Greece, suggesting the ultimate losses to the Fund could be m...
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It is the rare journalist who tackles the topic of government credit programs and their ills. Rarer still is a popular account that accurately brings these complicated issues to life. Kudos to Michael Grunwald, who writing for Politico, did just that. I highly recommend his article. (Note that to ge...
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The story of Africa has long been one of resilience, innovation, and adaptability: from the architectural marvels of the ancient Egyptian pyramids to the invention of mathematics in the Kingdom of Mali, the Continent has been characterized by significant achievements and contributions to global hist...
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The purpose of this note is to suggest answers to several fundamental questions about value of the federal government’s support for the GSEs.
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The MIT Center for Finance and Policy recently announced the winners [...]
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Nearly 250 MIT Sloan alumni and guests gathered in Shanghai on July 19, 2013 for the third MIT Sloan Finance Forum (the first was held in New York in April 2012 and the second was held in London in June 2013).