Stock and Bond Pricing in an Affine Economy
收藏NBER1999-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w7346
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资源简介：
This article provides a stochastic valuation framework for bond and stock returns that builds on three different pricing traditions: affine models of the term structure, present-value pricing of equities, and consumption-based asset pricing. Our model provides a more general application of the
提供机构：
美国国家经济研究局
创建时间：
1999-09-01
