What Does the Equity Premium Mean?

Simon Grant and John Quiggin argue that taking the equity premium seriously-the well-known fact that the average annual historical return of stocks is seven times that of government bonds and other debt-has many implications, the most robust of which is that recessions are extremely costly even if they dont lower average consumption and that macroeconomic stabilization policies are more important than has been thought.

MoreLess

Year of publication:	2005
Authors:	Grant, Simon ; Quiggin, John
Published in:	The Economists' Voice. - De Gruyter, ISSN 1553-3832, ZDB-ID 2162320-X. - Vol. 2.2005, 4
Publisher:	De Gruyter
Subject:	equity premium puzzle \| resource allocation \| welfare economics \| public policy

Online Resource

Check full text access |

More access options

Check Google Scholar

In libraries world-wide (WorldCat)

In German libraries (KVK)

subito order

I need help

More details

Type of publication:	Article
Type of publication (narrower categories):	research-article
Language:	English
Other identifiers:	10.2202/1553-3832.1088 [DOI]
Source:	Other ZBW resources

Persistent link: https://www.econbiz.de/10014591503