An Empirical Evaluation of the Long-Run Risks Model for Asset Prices
收藏NBER2009-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w15504
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资源简介：
We provide an empirical evaluation of the forward-looking long-run risks (LRR) model and highlight model differences with the backward-looking habit based asset pricing model. We feature three key results: (i) Consistent with the LRR model, there is considerable evidence in the data of time-varying
提供机构：
美国国家经济研究局
创建时间：
2009-11-01
