Discount Rates
收藏NBER2011-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w16972
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资源简介：
Discount rate variation is the central organizing question of current asset pricing research. I survey facts, theories and applications. We thought returns were uncorrelated over time, so variation in price-dividend ratios was due to variation in expected cashflows. Now it seems all price-dividend
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美国国家经济研究局创建时间：
2011-04-01
