Recent research in empirical finance has documented that expected excess returns on bonds and stocks, real interest rates, and risk shift over time in predictable ways. Furthermore, these shifts tend to persist over long periods of time. In this paper we propose an empirical model that is able to capture these complex dynamics, yet is simple to apply in practice, and we explore its implications...

growing environmental and social concerns, both on the part of decision makers and public opinion, have brought a new perspective to the perception of hazard assessments a valid alternative in the long-term, and an effective complement in short and medium terms, to traditional design procedure for a resistant and safe environment. results of the gradual development of research on the probabilis...

one of the main functionalities of capital market is to improve liquidityin the market which provides security for the investors. mutual funds aremodern financial institutions which are designed with the aim of collectingfunds from investors and devote them to buy a variety of securities inorder to mitigate investment risks, exploit the economies of scale andfinally create a reasonable return f...

The period of limitations is the period of time in which you can amend your tax return to claim a credit or refund, or that the IRS can assess additional tax. The below information contains the periods of limitations that apply to income tax returns. Unless otherwise stated, the years refer to the period after the return was filed. Returns filed before the due date are treated as filed on the d...

Different migration theories generate competing hypotheses with regard to determinants of return migration. While neoclassical migration theory associates migration to the failure to integrate at the destination, the new economics of labour migration sees return migration as the logical stage after migrants have earned sufficient assets and knowledge and to invest in their origin countries. The...

ABSTRACT The development of urban areas exacerbates flood risk by increasing both runoff and the exposure population infrastructure. In this study, we highlight importance return period choice on hazard degree hydraulics characteristics. We use UFSC campus basin as a test bed combine hydrological hydrodynamic model to define intensity degree. Six maps were elaborated using different periods (2,...

Three anephric patients were studied during sequential periods of normal hydration and overhydration. The increase in arterial pressure caused by the overhydration (+ 7% of body weight) was associated with an increase in peripheral resistance (+ 21.1%, P < 0.01). The elevation of peripheral resistance was preceded by an increased cardiac output (+ 22.3%, P < 0.02) which then fell part way to co...