搜索结果: 1-3 共查到“数量经济学 Premium”相关记录3条 . 查询时间(0.015 秒)
General Equilibrium Theories of the Equity Risk Premium: Estimates and Tests
General Equilibrium Theories Equity Risk Premium Estimates and Tests
2010/9/7
This paper provides new estimates and tests of a number of leading general equilibrium theories of the price of equity and, to our knowledge, the first estimates of the time-varying equity premia impl...
An Obdurate Trading Strategy Perspective on the Forward Premium Anomaly
Currency trading strategies uncovered interest parity forward premium anomaly
2010/9/7
Many FX traders appear to be involved in strategies that explicity assume that the violations of uncovered interest rate parity will continue over their investment horizon. Models that try to explain ...
This paper evaluates the equity premium using novel data on the consumption of luxury goods. Specifying utility as a nonhomothetic function of both luxury and basic consumption goods, we derive pricin...