Brusa, Francesca - In: Rivista di Politica Economica (2011) 4, pp. 101-137
The magnitude of risk compensation in equity markets is an enduring puzzle in the field of the Economics of Finance. Bansal and Yaron (2004) and Bansal, Kiku and Yaron (2007a,b) have recently addressed the topic by picking out the long run growth prospects and the level of economic uncertainty...