Examlex
Adding a financial friction to the short-run model:
Law Of One Price
The rule stipulating that equivalent securities or bundles of securities must sell at equal prices to preclude arbitrage opportunities.
Relative Strength
The extent to which a security has outperformed or underperformed either the market as a whole or its particular industry.
Outperformed
Describes when an investment or fund earns a return that exceeds the performance of its benchmark or peer group.
Underperformed
Refers to an investment yielding a lower return than other investments or benchmarks.
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Q105: An important element of almost every DSGE