The Equity Premium and the Risk Free Rate: Matching the Moments
收藏数据链接：
官方服务：
资源简介：
This paper investigates the ability of a representative agent model with time separable utility to explain the mean vector and the covariance matrix of the risk free interest rate and the return to leveraged equity in the stock market. The paper generalizes the standard calibration methodology by
提供机构：
美国国家经济研究局创建时间：
1991-06-01
