Sökning: "Johan Wiksell"
Hittade 1 uppsats innehållade orden Johan Wiksell.
1. Long-run expected consumption and volatility risk, and the cross-section of asset returns
D-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiSammanfattning : This paper builds on the Long-Run Risks Framework in the quest of explaining the true nature of risk that drives asset prices. Instead of modeling expected consumption as in past research, we use the forward-looking Michigan Consumer Sentiment Index to proxy innovations in the agent's beliefs about expected consumption growth. LÄS MER
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