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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP5080 |
DP5080 The Simple Geometry of Transmission and Stabilization in Closed and Open Economies | |
Paolo Pesenti; Giancarlo Corsetti | |
发表日期 | 2005-05-23 |
出版年 | 2005 |
语种 | 英语 |
摘要 | We develop a simple overlapping generations model in which the young have a choice in investing in equities and index-linked bonds. Projections of share price uncertainty over a 30-year period show that the risk associated with such a long-term investment predicts an equity premium that matches historical values. |
主题 | International Macroeconomics |
关键词 | Equity premium puzzle risk premium |
URL | https://cepr.org/publications/dp5080 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533972 |
推荐引用方式 GB/T 7714 | Paolo Pesenti,Giancarlo Corsetti. DP5080 The Simple Geometry of Transmission and Stabilization in Closed and Open Economies. 2005. |
条目包含的文件 | 条目无相关文件。 |
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