René GARCIA

  Professor
  Department of Economics, Université de Montréal

. .

 
  • Home
 
  • Vitae


  • Working Papers

  • Published Papers

  • Articles in Handbooks


  • Journal of Financial Econometrics

 

 

Published Papers

Forthcoming Refereed Articles in Journals

• “Proper Conditioning for Coherent VaR in Portfolio Management,” (2006), forthcoming in Management Science, (with E. Renault and G. Tsafack). Antepenultimate version.

• “The Canadian Macroeconomy and the Yield Curve: An Equilibrium-based Approach,” (2006), forthcoming in The Canadian Journal of Economics (with R. Luger). Antepenultimate version.

Article in press. “Asymptotic Properties of Monte Carlo Estimators of Diffusion Processes,” (2004), 65 pages, (with J. Detemple and M. Rindisbacher ), forthcoming in Journal of Econometrics. Antepenultimate version.

Article in press. “Disentangling Risk Aversion and Intertemporal Substitution through a Reference Level,” (2002), (with E. Renault and A. Semenov), forthcoming in Finance Research Letters.

• “Simulation for Optimal Portfolios,’’ (2004) (with Detemple, J.B.and M. Rindisbacher) to appear in Handbooks in Operations Research and Management Science, Volume on Financial Engineering, J. Birge and V. Linetsky eds., Elsevier, Amsterdam.

• “The Econometrics of Option Pricing”, (with Eric Ghysels and Eric Renault), forthcoming in Handbook of Financial Econometrics, Yacine Aït-Sahalia and Lars Peter Hansen eds, Elsevier-North Holland, Amsterdam.

 

Refereed Articles in Journals

• “Asymptotic Properties of Monte Carlo Estimators of Derivatives,” (2004), 31 pages, (with J. Detemple and M. Rindisbacher ), Management Science, 51, 11, Nov. 2005, p.1657-1675

• Comment on the 2005 JBES Invited Lecture “Realized Variance and Microstructure Noise” by Peter R. Hansen and Asger Lunde, (2005), 20 pages, (with Nour Meddahi), Journal of Business and Economic Statistics, 24, 2, April 2006 , p. 184-192.

• “Representation Formulas for Malliavin Derivatives of Diffusion Processes,” (2005) (with J. Detemple and M. Rindisbacher), Finance and Stochastics, 9, 3, 349-367. Antepenultimate version.

• “Intertemporal Asset Allocation: A Comparison of Methods”, (2005) (with J. Detemple et M. Rindisbacher), The Journal of Banking and Finance, 29, 11, 2821-2848. Antepenultimate version.

• “Option Pricing, Preferences and State Variables”, (with R. Luger and E. Renault), forthcoming in The Canadian Journal of Economics, February 2005, 38(1), 1-27.

• “Empirical Assessment of an Intertemporal Option Pricing Model with Latent Variables,” (with R. Luger and E. Renault), Journal of Econometrics, 116 (2003), 49-83.

• “A Monte Carlo Method for Optimal Portfolios”, (with J. Detemple and M. Rindisbacher), Journal of Finance, February 2003, 58:1, 401-446.

• “Are the Effects of Interest Rate Changes Asymmetric?”, (with Huntley Schaller), Economic Inquiry, 2002 40: 102-119.

• “The Macroeconomic Effects of Infrequent Information with Adjustment Costs”, (with M. Bonomo), The Canadian Journal of Economics 34(1), February 2001,18-35.

• “Latent Variable Models for Stochastic Discount Factors”, (with E. Renault), Handbooks in Mathematical Finance: Topics in Option Pricing, Interest Rates and Risk Management, J. Cvitanic, E. Jouini and M. Musiela eds., Cambridge University Press, 2001.

• “Tests of Conditional Asset Pricing Models in the Brazilian Stock Market”, (with M. Bonomo), Journal of International Money and Finance, 20 (2001), 71-90.

• “Pricing and Hedging Derivative Securities with Neural Networks and a Homogeneity Hint”, (with R. Gencay), Journal of Econometrics, 94 (2000), 93-115.

• “Econometric Methods for Derivative Securities and Risk Management,” (with E. Ghysels and E. Renault), Journal of Econometrics, 94 (1-2), Jan.-Feb. 2000, p.1-7.

• “Modèles d’évaluation des actifs financiers et changement structurel dans les marchés boursiers en émergence”, L’Actualité Économique, 74(3), September 1998, 467-484.

• “Structural Change and Asset Pricing in Emerging Markets”, (with E. Ghysels), Journal of International Money and Finance, 17(3), June 1998, 455-473.

• “Asymptotic Null Distribution of the Likelihood Ratio Test in Markov Switching Models”, International Economic Review, 39(3), August 1998, 763-788.

• “A Note on Hedging in ARCH-type Option Pricing Models” (with E. Renault), Mathematical Finance, 8/2, April 1998, 153-161.

• “Excess Sensitivity and Asymmetries in Consumption: An Empirical Investigation”, (with Annamaria Lusardi et Serena Ng), Journal of Money, Credit and Banking, 29, May 1997, 154-176.

• “Consumption and Equilibrium Asset Pricing : An Empirical Assessment”, (with M. Bonomo), Journal of Empirical Finance, 3 (1996), 239-265.

• “An Analysis of the Real Interest Rate Under Regime Shifts”(with P. Perron), 1996, Review of Economics and Statistics, 111-125.

• “Information Asymétrique, contraintes de liquidité et investissement: une comparaison internationale, (with M. Bascunan and M. Poitevin), L’Actualité Économique, December 1995, 398-420.

• “Can a Well Fitted Equilibrium Asset Pricing Model Produce Mean Reversion?”, (with M. Bonomo), Journal of Applied Econometrics, 9, 19-29 (1994).

• “Inflation, Staggering, and Disinflation” (with M. Bonomo), Journal of Development Economics, 43 (1994), 39-58.

• “Théorie économique de l’information : exposé synthétique de la littérature”, L’Actualité Economique 62(1), March 1986.

• “L’effet redistributif de l’inflation de 1969 à 1975 sur les ménages canadiens” (with M. Boyer), Canadian Public Policy IV(2), Spring 1978.

• “Disequilibrium Econometrics for Business Loans” (with J. J. Laffont), Econometrica, July 1977.

 

 

Articles and Comments in Conference Proceedings, Book Reviews,

• "Strategic Asset Allocation," (with J. Detemple and M. Rindisbacher), Encyclopedia of Financial Engineering and Risk Management, Fitzroy Dearborn.

• Book Review on “Modeling Stock market Volatility: Bridging the Gap to Continuous Time”, Peter Rossi (Ed.), San Diego: Academic Press, 1996, Journal of the American Statistical Association, Volume 95, 2000, page 688.

• “Option Pricing with Neural Networks and a Homogeneity Hint”, (with Ramazan Gencay), Conference Volume NNCM97, London Business School, 1998.

• Comment : “International Cross-Listing, Market Segmentation and Foreign Ownership Restrictions: The Case of Mexico”, by I. Domowitz, J. Glen, and A. Madhavan, Proceedings, Conference on The Future of Emerging Market Capital Flows, edited by R. Levich, Leonard N. Stern School of Business, New York University, 1998, Kluwer Academic Publishers.

• Comment : “The Credibility of Monetary Policy: A survey of the literature with some applications to Canada”, by R. Amano, P. Fenton, D. Tessier and S. Van Norden, Proceedings of the Bank of Canada Conference on Exchange Rates and Monetary Policy, May 1997, p. 65-69, Ottawa.

 

 

Published Abstracts

• “Risk Aversion, Intertemporal Substitution, and Option Pricing”, (with E. Renault), Journal of Finance, July 1997.

 

 




© René GARCIA