Measuring the Persistence of Expected Returns
收藏NBER1990-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3305
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资源简介：
This paper summarizes earlier research On the sources of variation in monthly U.S. stock returns in the period 1927-88. A log-linear model is used to break unexpected returns into changing expectations about future dividends and changing expectations about future returns. Even though stock returns
提供机构：
美国国家经济研究局
创建时间：
1990-03-01
