Risk Premia and Term Premia in General Equilibrium
收藏NBER1998-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w6683
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资源简介：
The equity premium consists of a term premium reflecting the longer maturity of equity relative to short-term bills, and a risk premium reflecting the stochastic nature of equity payoffs and the deterministic nature of payoffs on reckless bills. This paper analyzes term premia and the risk premia in
提供机构：
美国国家经济研究局
创建时间：
1998-08-01
