Showing 1 - 5 of 5
Persistent link: https://www.econbiz.de/10000888951
Persistent link: https://www.econbiz.de/10000897134
Persistent link: https://www.econbiz.de/10000958083
Persistent link: https://www.econbiz.de/10000902160
Abel (2002) shows that pessimism and doubt in the subjective distribution of the growth rate of consumption reduce the riskfree rate puzzle and the equity premium puzzle. We quantify the amount of pessimism and doubt in survey data on US consumption and income. Individual forecasters are in fact...
Persistent link: https://www.econbiz.de/10001729353