René GARCIA

  Professor
  Department of Economics, Université de Montréal

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Working Papers

New.Assessing and Valuing the Nonlinear Structure of Hedge Fund Returns” (2006), 56 pages, (with Antonio DIEZ DE LOS RIOS), working paper.

New.An Analytical Framework for Assessing Asset Pricing Models and Predictability” (2006), 69 pages, (with Nour MEDDAHI and Romeo TEDONGAP), working paper.

New.The Value of Real and Financial Risk Management” (2006), 35 pages, (with Marcel BOYER and M. Martin BOYER), working paper.

New.What Determines the Value of Assets Under Management?” (2006), 37 pages, (with Susan CHRISTOFFERSEN, Richard EVANS and David MUSTO), working paper.

• “Estimation of Stable Distributions by Indirect Inference,” (2003, revision 2006), manuscript, CIRANO, CIREQ and Université de Montréal , 42 pages, (with E. Renault and D. Veredas).

• “Estimation of Objective and Risk-Neutral Distributions based on Moments of Integrated Volatility,” (2001, revision 2006), manuscript, CIRANO, CIREQ, Université de Montréal , 34 pages, (with M. A. Lewis and E. Renault).

• “State Dependence in Fundamentals and Preferences Explains Risk Aversion Puzzle ” (2004, revision 2006), 26 pages, (with Fousseni CHABI-YO and Eric RENAULT), working paper.

• “Pricing and Hedging Options with Implied Asset Prices and Volatilities,” (2003), manuscript, CIRANO, CIREQ and Université de Montréal , 29 pages, (with R. Luger and E. Renault).

• “A Consumption Capital Asset Pricing Model with a Reference Level,” (2002), manuscript, CIRANO, CIREQ, Université de Montréal , 43 pages, (with E. Renault and A. Semenov).

• “Asymmetric Smiles, Leverage Effects and Structural parameters”, CIRANO working paper 2001s-01, 48 pages, (with R. Luger and E. Renault), under revision.

• “Risk Aversion, Intertemporal Substitution, and Option Pricing”, CIRANO working paper 98s02, 52 pages, (with E. Renault).

• “On the Dynamic Specification of International Asset Pricing Models”, CIRANO working paper 95s39, October 1995, 27 pages, (with M. Kichian and E. Ghysels).

• “Disappointment Aversion as a Solution to the Equity Premium and the Risk-Free Rate Puzzles”, CRDE working paper 2793, September 1993, 40 pages (with M. Bonomo).




© René GARCIA