Testing Volatility Restrictions on Intertemporal Marginal Rates of Substitution Implied by Euler Equations and Asset Returns
收藏NBER1992-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/t0124
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资源简介：
The Euler equations derived from a broad range of intertemporal asset pricing models, together with the first two unconditional moments of asset returns, imply a lower bound on the volatility of the intertemporal marginal rate of substitution. We develop and implement statistical tests of these
提供机构：
美国国家经济研究局
创建时间：
1992-07-01
