Some New Variance Bounds for Asset Prices
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https://www.nber.org/papers/w10981
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资源简介：
When equity prices are determined as the discounted sum of current and expected future dividends, Shiller (1981) and LeRoy and Porter (1981) derived a relationship between the variance of the price of equities, p(t), and the variance of the ex post realized discounted sum of current and future
提供机构：
美国国家经济研究局
创建时间：
2004-12-01
