Predictive Regressions: A Present-value Approach
收藏NBER2010-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w16263
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资源简介：
We propose a latent variables approach within a present-value model to estimate the expected returns and expected dividend growth rates of the aggregate stock market. This approach aggregates information contained in the history of price-dividend ratios and dividend growth rates to predict future
提供机构：
美国国家经济研究局
创建时间：
2010-08-01
