Rational Pessimism, Rational Exuberance, and Asset Pricing Models
收藏NBER2007-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w13107
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资源简介:
The paper estimates and examines the empirical plausibiltiy of asset pricing models that attempt to explain features of financial markets such as the size of the equity premium and the volatility of the stock market. In one model, the long run risks model of Bansal and Yaron (2004), low frequency
提供机构:
美国国家经济研究局
创建时间:
2007-05-01



