Vulnerable
发表于 2025-3-25 06:38:05
Evaluating the Calibrated Equilibrium Modelst that they are not able to generate the empirically observed standard deviations. While the primary focus has been on the unconditional first and second moments of the one-period risk-free rate and the equity premium in the previous chapter, the performance of the calibrated equilibrium models is now measured along other dimensions.
crescendo
发表于 2025-3-25 08:50:44
Introductionected return is one of the central problems of financial economics and has been the focus of theoretical and empirical research for many decades. But the question of how to measure risk and how to calculate the market reward for bearing a given amount of risk is not fully answered.
apiary
发表于 2025-3-25 12:53:33
http://reply.papertrans.cn/48/4730/472909/472909_23.png
ASSAY
发表于 2025-3-25 17:39:17
1431-1933capital market models. Using time additive utility, the observed risk pre mium can only be explained by unrealistically high risk aversion parameters. This phenomenon is well known as the equity premium puzzle. Shortly aft erwards it was also observed that the risk-free rate is too low relative t
极小
发表于 2025-3-25 20:17:35
http://reply.papertrans.cn/48/4730/472909/472909_25.png
FLEET
发表于 2025-3-26 01:57:47
http://reply.papertrans.cn/48/4730/472909/472909_26.png
inspired
发表于 2025-3-26 06:31:34
Book 1999arket models. Using time additive utility, the observed risk pre mium can only be explained by unrealistically high risk aversion parameters. This phenomenon is well known as the equity premium puzzle. Shortly aft erwards it was also observed that the risk-free rate is too low relative to the obse
颂扬本人
发表于 2025-3-26 09:09:26
http://reply.papertrans.cn/48/4730/472909/472909_28.png
值得
发表于 2025-3-26 14:20:41
Implications of Asset Prices for the Market Pricing Kernel equivalently, about the risk-neutral probability distribution and the risk-free rate. As shown in the previous chapter this knowledge would enable the pricing of any asset. The traditional approach to gain insights into the properties of the market pricing kernel is to start by choosing a functiona
无法取消
发表于 2025-3-26 19:22:54
http://reply.papertrans.cn/48/4730/472909/472909_30.png