Why Don't the Prices of Stocks and Bonds Move Together?
收藏NBER1986-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w2047
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资源简介：
The very low real interest rates on bonds in the 1970's were accompanied by a large drop in the value of common stocks relative to dividends and earnings. More generally, a number of authors have demonstrated that the real prices of debt and equity claims do not covary closely, and often move in
提供机构：
美国国家经济研究局
创建时间：
1986-10-01
