Consumption Strikes Back?: Measuring Long-Run Risk
收藏NBER2005-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w11476
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资源简介：
We characterize and measure a long-run risk return tradeoff for the valuation of financial cash flows that are exposed to fluctuations in macroeconomic growth. This tradeoff features components of financial cash flows that are only realized far into the future but are still reflected in current
提供机构：
美国国家经济研究局
创建时间：
2005-07-01
