The power of derivatives in portfolio optimization under affine GARCH models

Author:

Escobar-Anel MarcosORCID,Molter Eric,Zagst Rudi

Publisher

Springer Science and Business Media LLC

Reference22 articles.

1. Babaoglu, K., Christoffersen, P., Heston, S., Jacobs, K.: Option Valuation with Volatility Components, Fat Tails, and Nonmonotonic Pricing Kernels. Oxford University Press (2017)

2. Campbell, J.Y., Viceira, L.M.: Consumption and portfolio decisions when expected returns are time varying. Q. J. Econ. 114(2), 433–495 (1999). https://doi.org/10.1162/003355399556043

3. Cheng, Y., Escobar-Anel, M.: Optimal investment strategy in the family of 4/2 stochastic volatility models. Quant. Finance 21(10), 1723–1751 (2021)

4. Christoffersen, P., Heston, S., Jacobs, K.: Capturing option anomalies with a variance-dependent pricing kernel (2013)

5. Davison, M., Escobar-Anel, M., Zhu, Y.: Optimal market completion through financial derivatives with applications to volatility risk. arXiv:2202.08148 (2022)

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