Inflation and the Stock Market:Understanding the "Fed Model"
收藏NBER2009-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w15024
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The Fed model postulates that the dividend or earnings yield on stocks should equal the yield on nominal Treasury bonds, or at least that the two should be highly correlated. In US data, there is indeed a strikingly high time series correlation between the yield on nominal bonds and the dividend
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美国国家经济研究局创建时间：
2009-06-01
