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楼主: jeffj
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[学科前沿] 求助:John H. Cochrane的Asset Pricing(Revised)1.22式最后1步如何推导 |
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已卖:309份资源 讲师 72%
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回帖推荐tianjinxtl 发表于6楼 查看完整内容 it does not matter, since Δc denotes as consumption growth; although it means the log diff of consumption level. btw, it base level is 1, both are approximately equal.
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