Agents' Preferences, the Equity Premium, and the Consumption-Saving Trade-Off : An Application to French Data /
This paper aims to measure the risk premium on French equities during 1960-92 and to evaluate how well theoretical models based on various representations of agents' preferences can explain it. Aside from the standard, time-additive utility function with constant relative risk aversion, three o...
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| Fformat: | Cylchgrawn |
| Iaith: | English |
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Washington, D.C. :
International Monetary Fund,
2001.
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| Cyfres: | IMF Working Papers; Working Paper ;
No. 2001/117 |
| Mynediad Ar-lein: | Full text available on IMF |