Similar Search Results

High equity premia and crash fears : rational foundations

Guidolin, Massimo (contributor) - 2005

"We show that when in Lucas trees model the process for dividends is described by a lattice tree subject to infrequent but observable structural breaks, in equilibrium recursive rational learning may inflate the equity risk premium and reduce the risk-free interest rate for low levels of risk...

Persistent link: https://www.econbiz.de/10002977384

Frontiers in monetary policy research : proceedings of the Thirty-First Annual Economic Policy Conference of the Federal Reserve Bank of St.Louis

Gavin, William T. (contributor) - 2007

Persistent link: https://www.econbiz.de/10003507821

Time-varying risk premia and the cross section of stock returns

Guo, Hui (contributor) - 2003 - [Elektronische Ressource], rev

Persistent link: https://www.econbiz.de/10001973914

How did we get to inflation targeting and where do we go now? a perspective from the U.S. experience

Thornton, Daniel L. - Federal Reserve Bank of St. Louis - 2009

This paper advances the hypothesis that the transition from there-is-little-central-banks-can-do-to-control-inflation … to inflation targeting occurred because central banks, especially the Federal Reserve, demonstrated that central banks … can control inflation rather than a consequence of marked improvement in the professions understanding of how monetary …

Persistent link: https://www.econbiz.de/10005077875

Properties of equilibrium asset prices under alternative learning schemes

Guidolin, Massimo (contributor); … - 2005

"This paper characterizes equilibrium asset prices under adaptive, rational and Bayesian learning schemes in a model where dividends evolve on a binomial lattice. The properties of equilibrium stock and bond prices under learning are shown to differ significantly compared with prices under full...

Persistent link: https://www.econbiz.de/10002917586

International evidence on the stability of the optimizing IS equation

Kara, Amit (contributor); Nelson, Edward (contributor) - 2003 - [Elektronische Ressource], rev

Persistent link: https://www.econbiz.de/10001982872

Duration dependence in monetary policy : international evidence

Owyang, Michael T. (contributor); … - 2002 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001974266

Sticky-price models and the natural rate hypothesis

Andrés, Javier (contributor); … - 2005

"A major criticism of standard specifications of price adjustment in models for monetary policy analysis is that they violate the natural rate hypothesis by allowing output to differ from potential in steady state. In this paper we estimate a dynamic optimizing business cycle model whose...

Persistent link: https://www.econbiz.de/10002934315

Market timing with aggregate and idiosyncratic stock volatilities

Guo, Hui (contributor); Higbee, Jason (contributor) - 2005 - rev.

Persistent link: https://www.econbiz.de/10003344908

Is value premium a proxy for time-varying investment opportunities : some time series evidence

Guo, Hui (contributor) - 2005

"Campbell and Vuolteenaho (2004) and Brennan, Wang, and Xia (2004) recently argue that the value premium co-moves with investment opportunities and thus reflects rational pricing. This paper extends their analysis by showing that the ICAPM interpretation of the value premium also sheds light on...

Persistent link: https://www.econbiz.de/10002995301