Department of Finance
Solbjerg Plads 3
Frederiksberg, DK-2000
Denmark
http://sites.google.com/view/clausmunk/home
Copenhagen Business School
SSRN RANKINGS
in Total Papers Downloads
in Total Papers Citations
Housing, labor income, portfolio choice, life-cycle decisions, recursive utility
Optimal consumption and investment, numerical solution, labor income, incomplete markets, artificially unconstrained markets, welfare loss
Optimal consumption and investment, labor income, incomplete markets, artificially completed markets, welfare loss
Habit Formation, Life-Cycle Household Decisions, Housing Expenditure Share, Consumption Hump, Stock Market Participation, Renting vs. Owning Home, Human Capital
Induced moral hazard, incentives for investment, option-based compensation, excessive risk-taking, capped compensation, regulation.
Induced moral hazard, incentives for investment, option-based compensation, excessive risk-taking, capped compensation, regulation
Portfolio management, labor income risk, interest rate risk, hedging, borrowing constraints, life-cycle
Return predictability, scenarios, welfare, performance, housing
Dynamic asset allocation, hedging, term structure of interest rates
Consumption hump, life-cycle utility maximization, habit formation, impatience
consumption hump, life-cycle utility maximization, habit formation, impatience
Suboptimal investments, wealth-equivalent utility loss, stochastic interest rates, stochastic volatility, growth and value stocks, mean reversion in stock returns
Portfolio Choice, Life Cycle Asset Allocation, Taxation, Unspanned Labor Income
Unspanned income, heterogeneous preferences, continuous-time equilibrium, risk-free rate puzzle, equity premium, incomplete markets, Brownian motion
Habit formation, optimal consumption and portfolio, intertemporal hedging, mean reversion in stock prices, stochastic interest rates, stochastic income
Suboptimal investments, parameter uncertainty, utility losses, bond portfolios, MCMC estimation
Life-cycle portfolio decisions, human capital, housing, stock market participation, growth/value tilts
return predictability, portfolio choice, ambiguity, learning, robust control
interest rate risk, duration, default risk, intensity models
Education, leisure, consumption hump, wage hump
Unemployment risk, Business cycle, Life-cycle model, Portfolio planning
interest-only mortgages; consumption and savings pattern; life-cycle planning; financial constraints
Life-Cycle Consumption, Biometric Risks, Insurance, Artificial Markets, Habit Formation
retirement savings, life cycle, consumption, investment, non-participation, under-diversification, procrastination
Interest rate options, no-arbitrage price bounds, non-negative interest rates
Contingent claims, dynamic programming, incomplete markets, reservation prices
