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9 Actual versus potential GDP growth, 1987-2017. (Source: US Bureau of Economic Analysis)

9 Actual versus potential GDP growth, 1987-2017. (Source: US Bureau of Economic Analysis)

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In this chapter, we will evaluate the merits of using the SAA as a stand-alone approach versus combining it with TAA decisions. We will begin with a discussion of the nature of the SAA as an investment decision. This is followed by an examination of the concept of macro-inefficiency and how this relates to asset allocation and a review of some of t...

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