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A Comprehensive Look at the Empirical Performance of Equity Premium Prediction

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NBER2004-05-01 更新2025-01-04 收录
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Given the historically high equity premium, is it now a good time to invest in the stock market? Economists have suggested a whole range of variables that investors could or should use to predict: dividend price ratios, dividend yields, earnings-price ratios, dividend payout ratios, net issuing

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2004-05-01
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