Low Interest Rates and High Asset Prices: An Interpretation in Terms of Changing Popular Economic Models
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下载链接：
https://www.nber.org/papers/w13558
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资源简介：
There has been a widespread perception in the past few years that long-term asset prices are generally high because monetary authorities have effectively kept long-term interest rates, which the market uses to discount cash flows, low. This perception is not accurate. Long-term interest rates have
提供机构：
美国国家经济研究局
创建时间：
2007-10-01
