Interest Rates and Equity Valuations
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https://www.nber.org/papers/w34814
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资源简介：
A large body of work has sought to measure the effect of interest rates on equity valuations. The challenge in doing so is that both are endogenous, and their comovement depends on the forces driving interest-rate changes. To address this problem, we develop and estimate a decomposition that splits
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美国国家经济研究局创建时间：
2026-02-01
