Consumption Strikes Back?: Measuring Long-Run Risk
收藏NBER2005-07-01 更新2025-01-04 收录
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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
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美国国家经济研究局创建时间：
2005-07-01
