Estimation and Evaluation of Conditional Asset Pricing Models
收藏NBER2010-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w16457
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资源简介：
We find that several recently proposed consumption-based models of stock returns, when evaluated using an optimal set of managed portfolios and the associated model-implied conditional moment restrictions, fail to capture key features of risk premiums in equity markets. To arrive at these
提供机构：
美国国家经济研究局
创建时间：
2010-10-01
