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Long-run risks and financial markets
Content Provider | Library of Congress - Books/Printed Material |
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Author | Bansal, Ravi. |
Temporal Coverage | 2007 |
Copyright Year | 2007 |
Abstract | "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"--National Bureau of Economic Research web site. |
Language | English |
Publisher | National Bureau of Economic Research |
Publisher Place | Cambridge, MA |
Part of Series | Catalog |
Requires | HTML5 supported browser |
Access Restriction | Open |
Subject Domain (in LCC) | HB1 |
Content Type | Text |
Resource Type | Book |