Rare Disasters, Asset Prices, and Welfare Costs
收藏NBER2007-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w13690
下载链接
链接失效反馈官方服务：
资源简介：
A representative-consumer model with Epstein-Zin-Weil preferences and i.i.d. shocks, including rare disasters, accords with key asset-pricing observations. If the coefficient of relative risk aversion equals 3-4, the model accords with observed equity premia and risk-free real interest rates. If the
提供机构：
美国国家经济研究局
创建时间：
2007-12-01
