Stock Prices Under Time-Varying Dividend Risk: An Exact Solution In An Infinite-Horizon General Equilibrium Model
收藏NBER1988-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w2621
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资源简介：
The effects on asset prices of changes in risk are studied in a general equilibrium model in which the conditional risk evolves stochastically over time. The savings decisions of consumers take account of the fact that conditional risk is a serially correlated random variable. By restricting the
提供机构：
美国国家经济研究局
创建时间：
1988-06-01
