Long-run risks and financial markets:
The recently developed long-run risks asset pricing model shows that concerns about long-run expected growth and time-varying uncertainty (i.e., volatility) about future economic prospects drive asset prices. These two channels of economic risks can account for the risk premia and asset price fluctu...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, Mass.
National Bureau of Economic Research
2007
|
| Schriftenreihe: | Working paper series / National Bureau of Economic Research
13196 |
| Online-Zugang: | Volltext |
| Zusammenfassung: | The recently developed long-run risks asset pricing model shows that concerns about long-run expected growth and time-varying uncertainty (i.e., volatility) about future economic prospects drive asset prices. These two channels of economic risks can account for the risk premia and asset price fluctuations. In addition, the model can empirically account for the cross-sectional differences in asset returns. Hence, the long-run risks model provides a coherent and systematic framework for analyzing financial markets. |
| Beschreibung: | Literaturverz. S. 21 - 24 |
| Beschreibung: | 32 S. graph. Darst. 22 cm |
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| id | DE-604.BV023593105 |
| illustrated | Illustrated |
| index_date | 2024-07-02T22:41:31Z |
| indexdate | 2024-07-09T21:25:14Z |
| institution | BVB |
| language | English |
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| physical | 32 S. graph. Darst. 22 cm |
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| spelling | Bansal, Ravi Verfasser (DE-588)133407411 aut Long-run risks and financial markets Ravi Bansal Cambridge, Mass. National Bureau of Economic Research 2007 32 S. graph. Darst. 22 cm txt rdacontent n rdamedia nc rdacarrier Working paper series / National Bureau of Economic Research 13196 Literaturverz. S. 21 - 24 The recently developed long-run risks asset pricing model shows that concerns about long-run expected growth and time-varying uncertainty (i.e., volatility) about future economic prospects drive asset prices. These two channels of economic risks can account for the risk premia and asset price fluctuations. In addition, the model can empirically account for the cross-sectional differences in asset returns. Hence, the long-run risks model provides a coherent and systematic framework for analyzing financial markets. Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.> NBER working paper series 13196 (DE-604)BV002801238 13196 http://papers.nber.org/papers/w13196.pdf kostenfrei Volltext |
| spellingShingle | Bansal, Ravi Long-run risks and financial markets |
| title | Long-run risks and financial markets |
| title_auth | Long-run risks and financial markets |
| title_exact_search | Long-run risks and financial markets |
| title_exact_search_txtP | Long-run risks and financial markets |
| title_full | Long-run risks and financial markets Ravi Bansal |
| title_fullStr | Long-run risks and financial markets Ravi Bansal |
| title_full_unstemmed | Long-run risks and financial markets Ravi Bansal |
| title_short | Long-run risks and financial markets |
| title_sort | long run risks and financial markets |
| url | http://papers.nber.org/papers/w13196.pdf |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT bansalravi longrunrisksandfinancialmarkets |