G2TT
来源类型Discussion paper
规范类型论文
来源IDDP5080
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
URLhttps://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.
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