The purpose of this paper is to develop a stock selection algorithm with similar properties as Cover’s Universal Portfolio, but providing superior early growth. Cover’s Universal Portfolio generates a growth rate asymptotically ...
We examine the link between private consumption and housing wealth in Ireland. We find that the marginal propensity to consume out of housing wealth is essentially zero. This is in marked contrast to the recent evidence ...
Who pays for future pension liabilities? In countries that have extensive private pension systems such as the US, UK and Ireland, the private sector largely takes care of itself through either occupational or personal ...
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