A Measure of Risk Appetite for the Macroeconomy
收藏NBER2018-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w24529
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资源简介：
We document a strong and robust positive relationship between real rates and the contemporaneous valuation of volatile stocks, which we contend measures the economys risk appetite. Our novel proxy for risk appetite explains 41% of the variation in the one-year real rate since 1970, while the
提供机构：
美国国家经济研究局
创建时间：
2018-04-01
