The Equity Premium: Why is it a Puzzle?
收藏NBER2003-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w9512
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资源简介：
This article takes a critical look at the equity premium puzzle the inability of standard intertemporal economic models to rationalize the statistics that have characterized U.S. financial markets over the past century. A summary of historical returns for the United States and other industrialized
提供机构：
美国国家经济研究局创建时间：
2003-02-01
