Duration-Based Stock Valuation: Reassessing Stock Market Performance and Volatility
收藏NBER2020-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w27367
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资源简介：
Using a panel of international government bond data, I construct fixed income portfolios that match the duration of the dividend strips of the corresponding local aggregate stock market index. I find that these bond portfolios have performed as well as -- if not better than -- their stock
提供机构：
美国国家经济研究局
创建时间：
2020-06-01
