Abstract
This document describes a model that generates financial scenarios. The term structure is modeled by imposing certain long-run restrictions on the zero lower bound model in Wu and Xia (2016). The inflation rate and the return on the MSCI World Index are modeled using an MA(1)-model and a GARCH-model, respectively.
| Original language | English |
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| Place of Publication | Tilburg |
| Publisher | NETSPAR |
| Number of pages | 20 |
| Publication status | Published - 14 Dec 2017 |