Stock Returns and the Term Structure
收藏NBER1985-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w1626
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资源简介：
It is well known that in the postwar period stockreturns have tended to be low when the short term nominal interest rate is high. In this paper I show that more generally the state of the term structure of interest rates predicts stock returns. Risk premia on stocks appear to move closely together
提供机构：
美国国家经济研究局
创建时间：
1985-06-01
