Rare Events and Long-Run Risks
收藏NBER2016-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w21871
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资源简介：
Rare events (RE) and long-run risks (LRR) are complementary elements for understanding asset-pricing patterns, including the average equity premium and the volatility of equity returns. We construct a model with RE (temporary and permanent parts) and LRR (including stochastic volatility) and
提供机构：
美国国家经济研究局
创建时间：
2016-01-01
