Explaining the Variance of Price Dividend Ratios
收藏NBER1989-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3157
下载链接
链接失效反馈官方服务：
资源简介：
This paper presents a bound on the variance of the price-dividend ratio and a decomposition of the variance of the price-dividend ratio into components that reflect variation in expected future discount rates and variation in expected future dividend growth. Unobserved discount rates needed to make
提供机构：
美国国家经济研究局
创建时间：
1989-11-01
