Do Intermediaries Matter for Aggregate Asset Prices?
收藏NBER2021-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w28692
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资源简介：
Poor financial health of intermediaries coincides with low asset prices and high risk premiums. Is this because intermediaries matter for asset prices, or simply because their health correlates with economy-wide risk aversion? In the first case, return predictability should be more pronounced for
提供机构：
美国国家经济研究局
创建时间：
2021-04-01
