the equity premium, Sharpe ratio, and risk aversion are also generally countercyclical. These findings survive several …

will remain high. In this paper, we propose a methodology for estimating trend growth that draws on growth theory to …

This paper examines how risk in trading activity can affect the volatility of asset prices. We look for this … swap spread tends to converge to a long-run level, although trading risk can sometimes cause the spread to diverge from … that level. -- convergence trading ; interest rate swaps ; swap spread ; repurchase contracts ; trading risk ; volatility …