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Journal of Financial and Quantitative Analysis Vol. 19 No. 2 1984

Optimal Hedging Policies

René M. Stulz

Abstract

The decomposition of real variables into a trend or growth, a cycli-cal, and a seasonal component has a long history in macroeconomics. The cyclical part is generally considered to be of special interest, because it is believed to dominate short-run fluctuations in real activity and to

DOI
10.2307/2330894
Volume
19
Issue
2
Pages
127
Sources
openalex crossref

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