Prat, Georges; Abou, Alain - EconomiX, Université Paris Ouest-Nanterre la Défense … - 2009
Semi-annual surveys carried out by J. Livingston on a panel of experts have enabled us to compute the expected returns over the time span 1-semester and 2-semesters ahead on a portfolio made up of US industrial stocks. We calculated about 3000 individual ex-ante equity risk premia over the...