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...
| Egile nagusia: | |
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| Beste egile batzuk: | |
| Formatua: | Aldizkaria |
| Hizkuntza: | English |
| Argitaratua: |
Washington, D.C. :
International Monetary Fund,
2001.
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| Saila: | IMF Working Papers; Working Paper ;
No. 2001/117 |
| Sarrera elektronikoa: | Full text available on IMF |