Asset Pricing Tests with Long Run Risks in Consumption Growth
收藏NBER2008-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w14543
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资源简介：
A novel methodology in testing the long-run risks model of Bansal and Yaron (2004) is presented based on the observation that, under the null, the potentially latent state variables, "long-run risk" and the conditional variance of its innovation, are known a ne functions of the observable market
提供机构：
美国国家经济研究局
创建时间：
2008-12-01
