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~isPartOf:"Fisher College of Business working paper series"
~language:"eng"
~person:"Zhang, Lu"
~subject:"1945-2012"
~subject:"Suchtheorie"
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Zhang, Lu
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Searching for the equity premium
Bai, Hang
;
Zhang, Lu
-
2020
plausible
business
cycle dynamics. The equity premium and stock market volatility are strongly countercyclical, while the … consumption smoothing via capital investment. The welfare cost of
business
cycles is huge, 29% …
Persistent link: https://www.econbiz.de/10012301454
Saved in:
2
Unemployment crises
Petrosky-Nadeau, Nicolas
;
Zhang, Lu
-
2014
-
Last rev.: July 16, 2014
model are quantitatively consistent with U.S. historical time series. The welfare gain from eliminating
business
cycle …
Persistent link: https://www.econbiz.de/10010411443
Saved in:
3
An equilibrium asset pricing model with labor market search
Kuehn, Lars-Alexander
;
Petrosky-Nadeau, Nicolas
;
Zhang, Lu
-
2012
"Search frictions in the labor market help explain the equity premium in the financial market. We embed the Diamond-Mortensen-Pissarides search framework into a dynamic stochastic general equilibrium model with recursive preferences. The model produces a sizeable equity premium of 4.54% per...
Persistent link: https://www.econbiz.de/10009507047
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