Estimating the Continuous Time Consumption Based Asset Pricing Model
收藏NBER1985-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w1643
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资源简介：
The consumption based asset pricing model predicts that excess yields are determined in a fairly simple way by the market's degree of relative risk aversion and by the pattern of covariances between percapita consumption growth and asset returns. Estimation and testingis complicated by the fact that
提供机构：
美国国家经济研究局
创建时间：
1985-06-01
