The Predictability of Returns with Regime Shifts in Consumption and Dividend Growth
收藏NBER2010-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w16183
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资源简介：
The predictability of the market return and dividend growth is addressed in an equilibrium model with two regimes. A state variable that drives the conditional means of the aggregate consumption and dividend growth rates follows different time-series processes in the two regimes. In linear
提供机构：
美国国家经济研究局
创建时间：
2010-07-01
