| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w24112 |
| 来源ID | Working Paper 24112 |
| The Rate of Return on Everything, 1870\u20132015 | |
| Òscar Jordà; Katharina Knoll; Dmitry Kuvshinov; Moritz Schularick; Alan M. Taylor | |
| 发表日期 | 2017-12-18 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | What is the aggregate real rate of return in the economy? Is it higher than the growth rate of the economy and, if so, by how much? Is there a tendency for returns to fall in the long-run? Which particular assets have the highest long-run returns? We answer these questions on the basis of a new and comprehensive dataset for all major asset classes, including housing. The annual data on total returns for equity, housing, bonds, and bills cover 16 advanced economies from 1870 to 2015, and our new evidence reveals many new findings and puzzles. |
| 主题 | Microeconomics ; Market Structure and Distribution ; Macroeconomics ; Macroeconomic Models ; Money and Interest Rates ; Financial Economics ; Financial Markets ; Portfolio Selection and Asset Pricing ; History ; Macroeconomic History |
| URL | https://www.nber.org/papers/w24112 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/581786 |
| 推荐引用方式 GB/T 7714 | Òscar Jordà,Katharina Knoll,Dmitry Kuvshinov,et al. The Rate of Return on Everything, 1870\u20132015. 2017. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w24112.pdf（1531KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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