Asset Allocation Model across Business Cycle

摘要：

MLs Investment Clock is the most famous asset allocation model based on business cycle, but this paper find it mainly provided a framework of analysis and methods, there are still shortcomings and deficiencies. ML assumption that stagflation were the fourth phase of business cycle is contrary to traditional economics. Keynesianism view that stagflation is a special phenomenon, rather than a necessary stage. In the first time, this paper modifies and enlarges MLs Investment Clock from the nonclassic business cycle point of view to make it perfect and practicable.

关键词： Business Cycle Asset Allocation MLs Investment Clock Non-classicalcycleenlargement

作者: Yuduo Lu Min Su

作者单位: School of Economics, Dalian University of Technology, China

会议类型: 国际会议

会议名称: 2011 International Conference on Business Management and Electronic Information(2011商业管理与电子信息国际学术会议 BMEI2011)

会议地点: 广州

会议语种:英文

页码: 1-4

在线出版日期: 2011-05-13（万方平台首次上网日期，不代表论文的发表时间）