Maximum likelihood estimation of the equity premium
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https://www.nber.org/papers/w19684
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资源简介:
The equity premium, namely the expected return on the aggregate stock market less the government bill rate, is of central importance to the portfolio allocation of individuals, to the investment decisions of firms, and to model calibration and testing. This quantity is usually estimated from the
提供机构:
美国国家经济研究局
创建时间:
2013-11-01



