Stock and Bond Returns with Moody Investors
收藏NBER2006-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w12247
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资源简介：
We present a tractable, linear model for the simultaneous pricing of stock and bond returns that incorporates stochastic risk aversion. In this model, analytic solutions for endogenous stock and bond prices and returns are readily calculated. After estimating the parameters of the model by the
提供机构：
美国国家经济研究局
创建时间：
2006-05-01
